Top 5 Stock Picks of Mark Lee’s Mountaineer Partners

4. Caleres Inc (NYSE:CAL)

Mountaineer Partners Management’s Stake Value: $11.119 million

Percentage of Mountaineer Partners Management’s 13F Portfolio: 8.09%

Number of Hedge Fund Holders as of Q2 2021: 18

Caleres Inc (NYSE: CAL) is a footwear company that owns brands such as Fergie footwear, Dr. Scholl’s Shoes, Bzees, and Franco Sarto. The company is headquartered in Clayton, Missouri, and was founded in 1875.

On November 19, the company announced its Q3 revenue of $784.16 million, which demonstrated a year-over-year growth of 21.1%, and beat the estimated revenue by $30.48 million. Similarly, the Q2 2021 EPS was reported as $1.54, which beat the estimates by $0.39.

Mountaineer Partners Management held 407,439 shares of the company by the end of Q2 2021, which had a combined worth of over $11 million. The largest stake in the company as of the end of the third quarter of 2021 was held by George Mccabe’s Portolan Capital Management, which held 597,952 shares with a total value of over $13 million.