Rothschild Asset Management Inc. reduced its position in Caleres Inc (NYSE:CAL) by 2.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 97,799 shares of the textile maker’s stock after selling 2,420 shares during the period. Rothschild Asset Management Inc. owned 0.23% of Caleres worth $3,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Caleres in the 1st quarter worth $247,000. Verition Fund Management LLC bought a new position in shares of Caleres in the 1st quarter worth $256,000. GSA Capital Partners LLP bought a new position in shares of Caleres in the 1st quarter worth $292,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Caleres in the 2nd quarter worth $314,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Caleres in the 1st quarter worth $340,000. 83.27% of the stock is owned by institutional investors.

CAL stock opened at $37.05 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.65 and a current ratio of 1.97. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 16.62 and a beta of 0.84. Caleres Inc has a 1-year low of $22.39 and a 1-year high of $37.23.

Caleres (NYSE:CAL) last posted its earnings results on Thursday, May 31st. The textile maker reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). The business had revenue of $632.10 million for the quarter, compared to the consensus estimate of $644.99 million. Caleres had a return on equity of 13.70% and a net margin of 3.21%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. analysts predict that Caleres Inc will post 2.48 earnings per share for the current year.

Several research analysts have recently issued reports on the company. ValuEngine lowered Caleres from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Needham & Company LLC restated a “hold” rating on shares of Caleres in a research report on Thursday, June 28th. Zacks Investment Research lowered Caleres from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Finally, Loop Capital assumed coverage on Caleres in a research report on Thursday, June 7th. They issued a “hold” rating and a $37.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $36.17.

Caleres Company Profile

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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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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