Caleres, Inc. (CAL) Position Reduced by Capstone Asset Management Co.
Capstone Asset Management Co. reduced its position in shares of Caleres, Inc. (NYSE:CAL) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,948 shares of the textile maker’s stock after selling 1,000 shares during the period. Capstone Asset Management Co.’s holdings in Caleres were worth $332,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CAL. State of Alaska Department of Revenue raised its position in Caleres by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the textile maker’s stock worth $125,000 after buying an additional 60 shares during the period. Quantbot Technologies LP purchased a new position in Caleres during the first quarter worth approximately $209,000. Karp Capital Management Corp purchased a new position in Caleres during the first quarter worth approximately $225,000. Quadrature Capital Ltd purchased a new position in Caleres during the fourth quarter worth approximately $228,000. Finally, Mason Street Advisors LLC raised its position in Caleres by 5.9% in the first quarter. Mason Street Advisors LLC now owns 10,042 shares of the textile maker’s stock worth $265,000 after buying an additional 559 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.
Shares of Caleres, Inc. (NYSE CAL) traded up 1.07% during trading on Friday, hitting $25.51. 78,204 shares of the company’s stock were exchanged. Caleres, Inc. has a 1-year low of $23.12 and a 1-year high of $36.61. The stock has a market cap of $1.10 billion, a PE ratio of 17.48 and a beta of 1.07. The stock’s 50-day moving average price is $26.91 and its 200-day moving average price is $27.86.
Caleres (NYSE:CAL) last posted its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Caleres had a net margin of 2.39% and a return on equity of 13.80%. The company had revenue of $631.50 million for the quarter, compared to the consensus estimate of $621.31 million. During the same period last year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts expect that Caleres, Inc. will post $2.18 earnings per share for the current fiscal year.
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A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Caleres from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. Susquehanna Bancshares Inc raised shares of Caleres from a “neutral” rating to a “positive” rating and set a $31.00 target price for the company in a research note on Tuesday, May 30th. BidaskClub raised shares of Caleres from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Finally, UBS AG raised shares of Caleres from a “neutral” rating to a “positive” rating in a research note on Tuesday, May 30th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $31.40.
Caleres Company Profile
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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