Thrivent Financial For Lutherans Has $6.61 Million Stake in Caleres, Inc. (CAL)
Thrivent Financial For Lutherans grew its position in Caleres, Inc. (NYSE:CAL) by 48.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 237,775 shares of the textile maker’s stock after purchasing an additional 78,110 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.55% of Caleres worth $6,605,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Caleres by 45,530.3% in the 1st quarter. BlackRock Inc. now owns 5,242,013 shares of the textile maker’s stock valued at $138,493,000 after purchasing an additional 5,230,525 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Caleres by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 3,783,362 shares of the textile maker’s stock valued at $99,956,000 after purchasing an additional 212,710 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Caleres by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,220,362 shares of the textile maker’s stock valued at $85,084,000 after purchasing an additional 193,349 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Caleres by 13.6% in the 2nd quarter. Alliancebernstein L.P. now owns 3,164,709 shares of the textile maker’s stock valued at $87,916,000 after purchasing an additional 379,868 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Caleres by 10.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,794,838 shares of the textile maker’s stock valued at $49,860,000 after purchasing an additional 167,005 shares during the last quarter. 86.37% of the stock is currently owned by institutional investors.
Caleres, Inc. (NYSE:CAL) opened at 29.62 on Monday. The company’s 50-day moving average is $26.37 and its 200 day moving average is $27.01. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 21.02 and a beta of 1.06. Caleres, Inc. has a 52 week low of $22.39 and a 52 week high of $36.61.
Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, August 29th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $677.00 million for the quarter, compared to the consensus estimate of $668.85 million. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. On average, analysts forecast that Caleres, Inc. will post $2.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, September 15th. Caleres’s payout ratio is currently 19.86%.
CAL has been the topic of several research analyst reports. Susquehanna Bancshares Inc reissued a “buy” rating and set a $31.00 target price on shares of Caleres in a research note on Tuesday, August 29th. Zacks Investment Research lowered shares of Caleres from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. BidaskClub raised shares of Caleres from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Finally, UBS AG raised shares of Caleres from a “neutral” rating to a “positive” rating in a research note on Tuesday, May 30th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Caleres has a consensus rating of “Buy” and a consensus target price of $31.80.
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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