Voya Investment Management LLC Sells 66,937 Shares of Caleres, Inc. (CAL)
Voya Investment Management LLC reduced its holdings in shares of Caleres, Inc. (NYSE:CAL) by 11.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 505,050 shares of the textile maker’s stock after selling 66,937 shares during the period. Voya Investment Management LLC owned about 1.17% of Caleres worth $14,030,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Pacad Investment Ltd. bought a new position in shares of Caleres in the second quarter worth approximately $142,000. LaSalle Street Capital Management LLC bought a new position in shares of Caleres in the second quarter worth approximately $201,000. Chevy Chase Trust Holdings Inc. bought a new position in shares of Caleres in the second quarter worth approximately $204,000. Quantbot Technologies LP bought a new position in shares of Caleres in the first quarter worth approximately $209,000. Finally, Karp Capital Management Corp bought a new position in shares of Caleres in the first quarter worth approximately $225,000. Institutional investors and hedge funds own 86.37% of the company’s stock.
Several research analysts have recently issued reports on the stock. Susquehanna Bancshares Inc restated a “buy” rating and issued a $31.00 target price on shares of Caleres in a report on Tuesday, August 29th. Zacks Investment Research cut shares of Caleres from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Macquarie restated an “outperform” rating and issued a $37.00 target price on shares of Caleres in a report on Sunday. BidaskClub upgraded shares of Caleres from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Caleres currently has an average rating of “Buy” and a consensus price target of $33.00.
In other news, SVP Douglas Koch sold 33,400 shares of the stock in a transaction on Monday, September 25th. The stock was 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 approximately $3,118,225.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by corporate insiders.
Caleres, Inc. (CAL) opened at 30.59 on Thursday. The company has a market cap of $1.31 billion, a PE ratio of 21.71 and a beta of 1.07. The stock has a 50 day moving average of $27.66 and a 200 day moving average of $27.02. Caleres, Inc. has a one year low of $22.39 and a one year high of $36.61.
Caleres (NYSE:CAL) last announced its quarterly earnings data on Tuesday, August 29th. The textile maker reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The company had revenue of $677.00 million for the quarter, compared to the consensus estimate of $668.85 million. Caleres had a return on equity of 13.80% and a net margin of 2.26%. Caleres’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. On average, analysts anticipate that Caleres, Inc. will post $2.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 18th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, September 15th. Caleres’s payout ratio is 19.86%.
Caleres Company Profile
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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