Stevens Capital Management LP Has $848,000 Stake in Caleres, Inc. (CAL)
Stevens Capital Management LP boosted its holdings in Caleres, Inc. (NYSE:CAL) by 97.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,790 shares of the textile maker’s stock after acquiring an additional 13,747 shares during the quarter. Stevens Capital Management LP owned 0.06% of Caleres worth $848,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in CAL. State Board of Administration of Florida Retirement System raised its stake in Caleres by 17.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 39,320 shares of the textile maker’s stock valued at $1,200,000 after buying an additional 5,916 shares during the last quarter. YorkBridge Wealth Partners LLC purchased a new stake in Caleres during the 3rd quarter valued at $183,000. Victory Capital Management Inc. raised its stake in Caleres by 10.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,973,708 shares of the textile maker’s stock valued at $60,237,000 after buying an additional 178,870 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Caleres during the 3rd quarter valued at $382,000. Finally, Nationwide Fund Advisors raised its stake in Caleres by 24.5% during the 3rd quarter. Nationwide Fund Advisors now owns 150,100 shares of the textile maker’s stock valued at $4,581,000 after buying an additional 29,559 shares during the last quarter. 88.34% of the stock is currently owned by institutional investors and hedge funds.
CAL has been the subject of a number of research reports. BidaskClub lowered shares of Caleres from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Caleres from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Susquehanna Bancshares Inc reiterated a “buy” rating and set a $31.00 target price on shares of Caleres in a research note on Tuesday, August 29th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Caleres has a consensus rating of “Buy” and an average price target of $33.00.
In other news, SVP Douglas Koch sold 33,400 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $30.03, for a total value of $1,003,002.00. Following the completion of the sale, the senior vice president now directly owns 103,837 shares in the company, valued at approximately $3,118,225.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.
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Shares of Caleres, Inc. (CAL) opened at $28.41 on Thursday. The company has a quick ratio of 0.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1,211.64, a price-to-earnings ratio of 13.96, a PEG ratio of 1.17 and a beta of 1.04. Caleres, Inc. has a 12 month low of $22.39 and a 12 month high of $36.61.
Caleres (NYSE:CAL) last posted its quarterly earnings data on Tuesday, August 29th. The textile maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $677.00 million during the quarter, compared to analyst estimates of $668.85 million. Caleres had a return on equity of 13.80% and a net margin of 2.26%. Caleres’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. research analysts anticipate that Caleres, Inc. will post 2.2 earnings per share for the current fiscal year.
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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