Strs Ohio Has $991,000 Holdings in Caleres, Inc. (CAL)
Strs Ohio reduced its stake in shares of Caleres, Inc. (NYSE:CAL) by 5.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,500 shares of the textile maker’s stock after selling 1,800 shares during the period. Strs Ohio owned approximately 0.08% of Caleres worth $991,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacad Investment Ltd. acquired a new stake in Caleres during the 2nd quarter worth about $142,000. LaSalle Street Capital Management LLC acquired a new stake in Caleres during the 2nd quarter worth about $201,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Caleres during the 2nd quarter worth about $204,000. Karp Capital Management Corp acquired a new stake in Caleres during the 1st quarter worth about $225,000. Finally, Verition Fund Management LLC acquired a new stake in Caleres during the 2nd quarter worth about $229,000. 87.77% of the stock is currently owned by institutional investors.
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In related news, SVP Douglas Koch sold 33,400 shares of the business’s stock in a transaction on Monday, September 25th. The shares were 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 owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.
Shares of Caleres, Inc. (NYSE:CAL) opened at $27.79 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1.20 billion, a PE ratio of 13.78, a PEG ratio of 1.15 and a beta of 1.04.
Caleres (NYSE:CAL) last announced its earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The business had revenue of $677.00 million for the quarter, compared to analyst estimates of $668.85 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Caleres’s revenue was up 8.7% compared to the same quarter last year. analysts anticipate that Caleres, Inc. will post 2.2 EPS for the current year.
Several brokerages have weighed in on CAL. BidaskClub downgraded Caleres from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research downgraded Caleres from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Macquarie reaffirmed an “outperform” rating and set a $37.00 price target on shares of Caleres in a research report on Sunday, October 1st. Finally, TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $33.00.
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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