Dimensional Fund Advisors LP Buys 367,654 Shares of Caleres, Inc. (CAL)
Dimensional Fund Advisors LP increased its stake in Caleres, Inc. (NYSE:CAL) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,588,016 shares of the textile maker’s stock after purchasing an additional 367,654 shares during the quarter. Dimensional Fund Advisors LP owned approximately 8.35% of Caleres worth $99,676,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Caleres by 45,530.3% during the first quarter. BlackRock Inc. now owns 5,242,013 shares of the textile maker’s stock valued at $138,493,000 after purchasing an additional 5,230,525 shares in the last quarter. Vanguard Group Inc. grew its holdings in Caleres by 0.8% during the second quarter. Vanguard Group Inc. now owns 3,814,134 shares of the textile maker’s stock valued at $105,956,000 after purchasing an additional 30,772 shares during the period. Alliancebernstein L.P. grew its holdings in Caleres by 13.6% during the second quarter. Alliancebernstein L.P. now owns 3,164,709 shares of the textile maker’s stock valued at $87,916,000 after purchasing an additional 379,868 shares during the period. Victory Capital Management Inc. grew its holdings in Caleres by 10.3% during the second quarter. Victory Capital Management Inc. now owns 1,794,838 shares of the textile maker’s stock valued at $49,860,000 after purchasing an additional 167,005 shares during the period. Finally, State Street Corp increased its position in Caleres by 4.7% in the first quarter. State Street Corp now owns 1,158,763 shares of the textile maker’s stock worth $30,619,000 after buying an additional 51,954 shares in the last quarter. Institutional investors own 86.37% of the company’s stock.
In other news, SVP Douglas Koch sold 33,400 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the transaction, the senior vice president now directly owns 103,837 shares in the company, valued at approximately $3,118,225.11. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.
A number of analysts have commented on CAL shares. BidaskClub raised Caleres from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised Caleres from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Wednesday, July 12th. TheStreet raised Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc reiterated a “buy” rating and set a $31.00 price objective on shares of Caleres in a research note on Tuesday, August 29th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $33.00.
Shares of Caleres, Inc. (NYSE:CAL) opened at 30.95 on Wednesday. The company has a market capitalization of $1.33 billion, a PE ratio of 21.97 and a beta of 1.07. The firm’s 50-day moving average price is $27.49 and its 200-day moving average price is $27.00. Caleres, Inc. has a 12-month low of $22.39 and a 12-month high of $36.61.
Caleres (NYSE:CAL) last posted its earnings results on Tuesday, August 29th. The textile maker reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $677.00 million for the quarter, compared to analysts’ expectations of $668.85 million. Caleres had a return on equity of 13.80% and a net margin of 2.26%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. On average, analysts expect that Caleres, Inc. will post $2.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, September 15th. Caleres’s dividend payout ratio (DPR) is 19.86%.
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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