SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 14.4% Stake in Caleres Inc.

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a combined beneficial ownership of 14.4% of Caleres Inc.'s common stock as of April 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 4,914,009.64 shares of Caleres Inc. common stock.
• This ownership represents 14.4% of the total outstanding common stock of Caleres Inc.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to their previously reported ownership or status.
• FMR LLC holds sole voting power over 4,910,973.00 shares and sole dispositive power over 4,914,009.64 shares.
• Abigail P. Johnson holds sole dispositive power over 4,914,009.64 shares, with no sole voting power.
• The reporting persons certify that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Caleres Inc.
• Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing indicates a significant, passive investment by a major institutional investor, which can be seen as a vote of confidence. However, it contains no operational or financial performance data for Caleres Inc. itself, so it's not strongly positive or negative.

Positives

• A significant institutional investor (FMR LLC) and its key executive (Abigail P. Johnson) hold a substantial stake (14.4%) in Caleres Inc., which can be interpreted as a vote of confidence in the company.
• The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of influencing control, suggesting a passive, long-term investment stance by a major holder.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Caleres Inc.'s future performance or FMR LLC's investment strategy beyond the current beneficial ownership disclosure.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of a significant passive ownership stake by a major asset manager in a publicly traded company. It does not provide specific insights into Caleres Inc.'s operational performance or the broader footwear and retail industry trends, but rather reflects an investment position within that sector.

Comparison to Industry Standards

• This document is a beneficial ownership filing and does not contain financial results or operational data that can be compared to industry standards or specific comparable companies/projects. It solely reports the ownership stake of FMR LLC and Abigail P. Johnson in Caleres Inc.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by a major institutional investor like FMR LLC may be viewed positively, potentially signaling confidence in Caleres Inc.'s long-term prospects.
• Management: The filing clarifies that the ownership is for investment purposes and not to influence control, which may reassure Caleres Inc. management regarding potential activist pressure from this specific investor.

Key Dates

Keywords

Caleres Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Footwear Industry, Retail