Swiss National Bank Continues to Hold Position in Caleres, Inc. (CAL)
Swiss National Bank continued to hold its stake in shares of Caleres, Inc. (NYSE:CAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,300 shares of the textile maker’s stock at the close of the second quarter. Swiss National Bank owned about 0.16% of Caleres worth $1,953,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Pacad Investment Ltd. bought a new position in shares of Caleres in the 2nd quarter worth approximately $142,000. Chevy Chase Trust Holdings Inc. bought a new position in shares of Caleres in the 2nd quarter worth approximately $204,000. Quantbot Technologies LP bought a new position in shares of Caleres in the 1st quarter worth approximately $209,000. Karp Capital Management Corp bought a new position in shares of Caleres in the 1st quarter worth approximately $225,000. Finally, State of Alaska Department of Revenue raised its position in shares of Caleres by 78.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,495 shares of the textile maker’s stock worth $235,000 after acquiring an additional 3,735 shares in the last quarter. 86.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Caleres, Inc. (CAL) opened at 30.83 on Friday. Caleres, Inc. has a 1-year low of $22.39 and a 1-year high of $36.61. The company has a 50 day moving average price of $27.83 and a 200 day moving average price of $27.05. The stock has a market cap of $1.32 billion, a P/E ratio of 21.88 and a beta of 1.07.
Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, August 29th. The textile maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The company had revenue of $677.00 million during the quarter, compared to the consensus estimate of $668.85 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Caleres’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Caleres, Inc. will post $2.18 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, September 15th. Caleres’s dividend payout ratio is currently 19.86%.
In other Caleres news, SVP Douglas Koch sold 33,400 shares of Caleres stock in a transaction on Monday, September 25th. The shares were sold at an average price of $30.03, for a total value of $1,003,002.00. Following the transaction, the senior vice president now directly owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by insiders.
Several brokerages have recently issued reports on CAL. BidaskClub lowered 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 note on Tuesday, September 12th. Macquarie restated an “outperform” rating and issued a $37.00 price target on shares of Caleres in a research note on Sunday, October 1st. Finally, TheStreet upgraded Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.00.
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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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