Geode Capital Management LLC Has $12.94 Million Holdings in Caleres Inc (CAL)
Geode Capital Management LLC boosted its position in shares of Caleres Inc (NYSE:CAL) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 464,980 shares of the textile maker’s stock after buying an additional 41,504 shares during the period. Geode Capital Management LLC’s holdings in Caleres were worth $12,939,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of CAL. First Hawaiian Bank bought a new position in shares of Caleres in the fourth quarter worth about $25,000. Riverhead Capital Management LLC lifted its holdings in shares of Caleres by 36.9% in the third quarter. Riverhead Capital Management LLC now owns 5,196 shares of the textile maker’s stock worth $186,000 after acquiring an additional 1,400 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Caleres by 121.5% in the third quarter. Pacer Advisors Inc. now owns 7,704 shares of the textile maker’s stock worth $276,000 after acquiring an additional 4,226 shares during the last quarter. Lenox Wealth Management Inc. lifted its holdings in shares of Caleres by 3,574.6% in the fourth quarter. Lenox Wealth Management Inc. now owns 10,252 shares of the textile maker’s stock worth $286,000 after acquiring an additional 9,973 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Caleres in the fourth quarter worth about $375,000. 91.59% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on CAL shares. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Loop Capital dropped their target price on shares of Caleres to $26.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Macquarie set a $38.00 target price on shares of Caleres and gave the stock a “buy” rating in a report on Friday, March 22nd. Wedbush reissued an “outperform” rating on shares of Caleres in a report on Tuesday, March 12th. Finally, ValuEngine cut shares of Caleres from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $39.25.
Shares of NYSE CAL opened at $25.84 on Thursday. The company has a market capitalization of $1.09 billion, a P/E ratio of 11.69 and a beta of 0.73. Caleres Inc has a 1 year low of $22.85 and a 1 year high of $41.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 0.34.
Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, March 21st. The textile maker reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The business had revenue of $720.26 million during the quarter, compared to the consensus estimate of $738.12 million. Caleres had a negative net margin of 0.19% and a positive return on equity of 13.26%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. Analysts forecast that Caleres Inc will post 2.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Tuesday, March 26th were issued a $0.07 dividend. The ex-dividend date was Monday, March 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.08%. Caleres’s dividend payout ratio (DPR) is presently 12.67%.
Caleres declared that its Board of Directors has initiated a share repurchase plan on Friday, December 14th that allows the company to repurchase 2,500,000 shares. This repurchase authorization allows the textile maker to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
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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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