Caleres, Inc. (CAL) Position Increased by California Public Employees Retirement System
California Public Employees Retirement System lifted its stake in Caleres, Inc. (NYSE:CAL) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 157,117 shares of the textile maker’s stock after purchasing an additional 5,167 shares during the quarter. California Public Employees Retirement System’s holdings in Caleres were worth $4,795,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Davidson Kempner Capital Management LP lifted its stake in shares of Caleres by 5.9% in the third quarter. Davidson Kempner Capital Management LP now owns 450,000 shares of the textile maker’s stock valued at $13,734,000 after purchasing an additional 25,000 shares during the period. Cubist Systematic Strategies LLC raised its position in Caleres by 440.0% during the third quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock worth $316,000 after acquiring an additional 8,443 shares during the last quarter. Jane Street Group LLC acquired a new position in Caleres during the third quarter worth about $3,195,000. RK Capital Management LLC raised its position in Caleres by 33.2% during the third quarter. RK Capital Management LLC now owns 277,475 shares of the textile maker’s stock worth $8,469,000 after acquiring an additional 69,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Caleres by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 3,626,003 shares of the textile maker’s stock worth $110,666,000 after acquiring an additional 37,987 shares during the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine upgraded shares of Caleres from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Susquehanna Bancshares restated a “buy” rating and set a $32.00 target price on shares of Caleres in a research report on Wednesday, November 22nd. Wedbush reissued an “outperform” rating and issued a $32.00 price objective on shares of Caleres in a research report on Wednesday, November 22nd. Finally, Macquarie reissued an “outperform” rating and issued a $37.00 price objective on shares of Caleres in a research report on Sunday, October 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Caleres has a consensus rating of “Buy” and an average price target of $33.17.
Shares of Caleres, Inc. (NYSE:CAL) opened at $32.27 on Tuesday. Caleres, Inc. has a twelve month low of $22.39 and a twelve month high of $34.34. The stock has a market cap of $1,387.80, a P/E ratio of 23.05, a P/E/G ratio of 1.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49.
Caleres (NYSE:CAL) last released its earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Caleres had a net margin of 2.21% and a return on equity of 13.59%. The company had revenue of $774.66 million during the quarter, compared to analysts’ expectations of $785.75 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Caleres’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities analysts anticipate that Caleres, Inc. will post 2.12 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Tuesday, December 26th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.87%. Caleres’s payout ratio is 20.00%.
In other Caleres news, insider Richard M. Ausick sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $33.07, for a total transaction of $165,350.00. Following the completion of the sale, the insider now directly owns 90,834 shares in the company, valued at $3,003,880.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard M. Ausick sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $33.45, for a total transaction of $334,500.00. Following the sale, the insider now owns 90,834 shares of the company’s stock, valued at $3,038,397.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,100 shares of company stock valued at $1,859,927. 6.20% of the stock is owned by insiders.
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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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