Rehmann Capital Advisory Group Has $166,000 Holdings in Caleres Inc (CAL)
Rehmann Capital Advisory Group grew its holdings in shares of Caleres Inc (NYSE:CAL) by 16,000.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,830 shares of the textile maker’s stock after purchasing an additional 4,800 shares during the period. Rehmann Capital Advisory Group’s holdings in Caleres were worth $166,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in CAL. SG Americas Securities LLC acquired a new position in shares of Caleres during the 1st quarter worth approximately $371,000. Prudential Financial Inc. grew its position in shares of Caleres by 2.2% during the 1st quarter. Prudential Financial Inc. now owns 285,163 shares of the textile maker’s stock worth $9,581,000 after purchasing an additional 6,070 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Caleres during the 1st quarter worth approximately $247,000. Schwab Charles Investment Management Inc. grew its position in shares of Caleres by 4.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 437,223 shares of the textile maker’s stock worth $14,691,000 after purchasing an additional 19,580 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Caleres by 0.5% during the 1st quarter. BlackRock Inc. now owns 5,429,116 shares of the textile maker’s stock worth $182,417,000 after purchasing an additional 28,880 shares in the last quarter. Hedge funds and other institutional investors own 89.95% of the company’s stock.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, August 31st. Macquarie increased their price target on shares of Caleres from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. Loop Capital set a $37.00 price target on shares of Caleres and gave the stock a “hold” rating in a research report on Tuesday, September 4th. Wedbush increased their price target on shares of Caleres from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 29th. Finally, Needham & Company LLC initiated coverage on shares of Caleres in a research report on Friday, June 22nd. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $39.50.
Caleres (NYSE:CAL) last posted its quarterly earnings results on Tuesday, September 4th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). The firm had revenue of $706.61 million for the quarter, compared to analyst estimates of $709.15 million. Caleres had a return on equity of 13.94% and a net margin of 3.39%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. equities analysts expect that Caleres Inc will post 2.5 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.80%. Caleres’s dividend payout ratio is 12.96%.
In related news, CEO Diane M. Sullivan sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $38.28, for a total value of $765,600.00. Following the completion of the transaction, the chief executive officer now owns 473,534 shares of the company’s stock, valued at approximately $18,126,881.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Douglas Koch sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $38.00, for a total transaction of $380,000.00. Following the completion of the transaction, the insider now directly owns 97,501 shares of the company’s stock, valued at approximately $3,705,038. The disclosure for this sale can be found here. Insiders have sold a total of 40,000 shares of company stock worth $1,518,900 in the last quarter. 5.60% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Caleres Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres and related companies with MarketBeat.com's FREE daily email newsletter.