Texas Permanent School Fund Corp Sells 3,003 Shares of Caleres, Inc. (NYSE:CAL)

The Texas Permanent School Fund Corp (TPSFC) has recently sold 3,003 shares of Caleres, Inc. (NYSECAL) for an undisclosed amount. Caleres is a leading designer and retailer of footwear and apparel products in the United States.

The TPSFC is a state-owned investment fund that manages the endowment of Texas public schools. The fund's primary objective is to generate long-term returns for the benefit of Texas public education. The sale of Caleres, Inc. shares is likely part of the TPSFC's ongoing efforts to diversify its portfolio and maximize returns for the state's schools.

Caleres, Inc. operates in the footwear industry and has a strong presence in the United States. The company designs and sells footwear products under various brands, including Sam Edmondson, Vince Camuto, and Michael Kors. In addition to its footwear business, Caleres also operates a retail segment that includes stores under the Caleres brand.

The sale of Caleres, Inc. shares by the TPSFC does not necessarily indicate any negative outlook for the company's future performance. Rather, it is likely a strategic decision made by the fund to optimize its portfolio and generate returns for Texas public education.