AMP Capital Investors Ltd Invests $299,000 in Caleres Inc (CAL)
AMP Capital Investors Ltd acquired a new stake in shares of Caleres Inc (NYSE:CAL) in the second quarter, HoldingsChannel reports. The firm acquired 8,687 shares of the textile maker’s stock, valued at approximately $299,000.
Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Caleres in the first quarter worth approximately $371,000. Prudential Financial Inc. grew its position in Caleres by 2.2% in the first quarter. Prudential Financial Inc. now owns 285,163 shares of the textile maker’s stock worth $9,581,000 after acquiring an additional 6,070 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Caleres by 4.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 437,223 shares of the textile maker’s stock worth $14,691,000 after acquiring an additional 19,580 shares in the last quarter. BlackRock Inc. grew its position in Caleres by 0.5% in the first quarter. BlackRock Inc. now owns 5,429,116 shares of the textile maker’s stock worth $182,417,000 after acquiring an additional 28,880 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Caleres by 61.4% in the first quarter. Franklin Resources Inc. now owns 2,200,691 shares of the textile maker’s stock worth $73,943,000 after acquiring an additional 836,772 shares in the last quarter. Institutional investors own 89.95% of the company’s stock.
Shares of Caleres stock opened at $34.69 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. Caleres Inc has a 1-year low of $26.54 and a 1-year high of $41.09. The firm has a market capitalization of $1.51 billion, a PE ratio of 16.06 and a beta of 0.89.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, September 14th. Caleres’s payout ratio is 12.96%.
In other news, insider Douglas Koch sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.00, for a total value of $380,000.00. Following the completion of the sale, the insider now directly owns 97,501 shares in the company, valued at $3,705,038. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Diane M. Sullivan sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $38.28, for a total transaction of $765,600.00. Following the completion of the sale, the chief executive officer now owns 473,534 shares of the company’s stock, valued at $18,126,881.52. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock valued at $1,518,900 over the last 90 days. 5.60% of the stock is owned by corporate insiders.
Several analysts have commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Caleres in a research report on Thursday, June 28th. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Friday, August 31st. Macquarie boosted their target price on shares of Caleres from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Finally, Loop Capital set a $37.00 target price on shares of Caleres and gave the stock a “hold” rating in a research report on Tuesday, September 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $39.50.
Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.
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