Caleres, Inc. (CAL) Holdings Lifted by Citadel Advisors LLC
Citadel Advisors LLC raised its holdings in shares of Caleres, Inc. (NYSE:CAL) by 62.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,106 shares of the textile maker’s stock after purchasing an additional 33,739 shares during the period. Citadel Advisors LLC owned 0.20% of Caleres worth $2,447,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of Caleres by 45,530.3% during the 1st quarter. BlackRock Inc. now owns 5,242,013 shares of the textile maker’s stock worth $138,493,000 after acquiring an additional 5,230,525 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Caleres by 13.6% during the 2nd quarter. Alliancebernstein L.P. now owns 3,164,709 shares of the textile maker’s stock worth $87,916,000 after acquiring an additional 379,868 shares during the period. Schroder Investment Management Group purchased a new position in shares of Caleres during the 2nd quarter worth approximately $6,584,000. Vanguard Group Inc. grew its holdings in shares of Caleres by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 3,783,362 shares of the textile maker’s stock worth $99,956,000 after acquiring an additional 212,710 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Caleres by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,220,362 shares of the textile maker’s stock worth $85,084,000 after acquiring an additional 193,349 shares during the period. 86.37% of the stock is owned by institutional investors and hedge funds.
Caleres, Inc. (NYSE CAL) opened at 30.52 on Friday. The stock has a market cap of $1.31 billion, a P/E ratio of 21.66 and a beta of 1.06. Caleres, Inc. has a 12-month low of $22.39 and a 12-month high of $36.61. The firm’s 50 day moving average price is $26.37 and its 200-day moving average price is $27.01.
Caleres (NYSE:CAL) last posted its quarterly earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The firm had revenue of $677.00 million during the quarter, compared to the consensus estimate of $668.85 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Caleres, Inc. will post $2.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, September 15th. Caleres’s dividend payout ratio is presently 19.86%.
In other news, SVP Douglas Koch sold 33,400 shares of Caleres stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the completion of the sale, the senior vice president now owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.
A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Caleres from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday. BidaskClub downgraded Caleres from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, TheStreet upgraded Caleres from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Caleres has a consensus rating of “Buy” and a consensus price target of $32.20.
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Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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