SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 7.6% Stake in Caleres Inc.
Beneficial Ownership Report
FMR LLC and its affiliates, along with Abigail P. Johnson, have reported a beneficial ownership of 7.6% of Caleres Inc.'s common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 2,560,564.65 shares of Caleres Inc. common stock.
- This ownership represents 7.6% of the total outstanding common stock of Caleres Inc.
- FMR LLC holds sole voting power over 2,555,858.00 shares and sole dispositive power over 2,560,564.65 shares.
- Abigail P. Johnson holds sole dispositive power over 2,560,564.65 shares, with no sole or shared voting power.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- The filing was made under Rule 13d-1(b), which is typically used by institutional investors who do not intend to influence or control the issuer.
Sentiment
Score: 5
Explanation: The document is a neutral, factual disclosure of beneficial ownership, with no explicit positive or negative statements about the issuer's performance or outlook.
Positives
- A significant institutional investor, FMR LLC, and its principal, Abigail P. Johnson, hold a substantial 7.6% stake in Caleres Inc., which may be viewed by some as a vote of confidence in the company.
- The filing explicitly states that the shares were acquired and are held in the ordinary course of business, not for the purpose of influencing or changing control of the issuer, suggesting a passive investment approach.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant passive investment by an institutional asset manager in a publicly traded company. It does not provide specific industry context beyond the fact that Caleres Inc. operates in an industry where such investments are common.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence investor perception and potentially stock liquidity.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting date for ownership). |
| 2025-05-06 | Filing date of the Schedule 13G. |
Keywords
CALERES INC, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investment, equity stake
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