UBS Group AG Has $746,000 Stake in Caleres, Inc. (NYSE:CAL)

UBS Group AG boosted its stake in Caleres, Inc. (NYSE:CAL) by 283.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 28,204 shares of the textile maker’s stock after buying an additional 20,847 shares during the period. UBS Group AG owned approximately 0.07% of Caleres worth $746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Caleres by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,220,362 shares of the textile maker’s stock valued at $85,084,000 after buying an additional 193,349 shares during the period. Geode Capital Management LLC boosted its stake in shares of Caleres by 5.7% in the first quarter. Geode Capital Management LLC now owns 517,447 shares of the textile maker’s stock valued at $13,670,000 after buying an additional 27,695 shares during the period. Vanguard Group Inc. boosted its stake in shares of Caleres by 6.0% in the first quarter. Vanguard Group Inc. now owns 3,783,362 shares of the textile maker’s stock valued at $99,956,000 after buying an additional 212,710 shares during the period. Foresters Investment Management Company Inc. boosted its stake in shares of Caleres by 0.3% in the first quarter. Foresters Investment Management Company Inc. now owns 179,400 shares of the textile maker’s stock valued at $4,740,000 after buying an additional 600 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Caleres by 0.4% in the first quarter. Thrivent Financial For Lutherans now owns 159,665 shares of the textile maker’s stock valued at $4,218,000 after buying an additional 640 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Shares of Caleres, Inc. (CAL) opened at 26.29 on Thursday. The firm has a market capitalization of $1.13 billion, a PE ratio of 18.02 and a beta of 1.07. The stock’s 50 day moving average price is $26.91 and its 200-day moving average price is $28.00. Caleres, Inc. has a 52-week low of $23.12 and a 52-week high of $36.61.

Caleres (NYSE:CAL) last released its earnings results on Thursday, May 25th. The textile maker reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $631.50 million for the quarter, compared to the consensus estimate of $621.31 million. Caleres had a net margin of 2.39% and a return on equity of 13.80%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Equities research analysts anticipate that Caleres, Inc. will post $2.18 EPS for the current fiscal year.

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CAL has been the subject of several analyst reports. Zacks Investment Research lowered Caleres from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. UBS AG upgraded Caleres from a “neutral” rating to a “positive” rating in a report on Tuesday, May 30th. Susquehanna Bancshares Inc upgraded Caleres from a “neutral” rating to a “positive” rating and set a $31.00 target price for the company in a research note on Tuesday, May 30th. BidaskClub upgraded Caleres from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, TheStreet raised Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.40.

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.

Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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