Psagot Investment House Ltd. maintained its stake in Caleres, Inc. (NYSE:CAL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,450 shares of the textile maker’s stock at the close of the second quarter. Psagot Investment House Ltd.’s holdings in Caleres were worth $568,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings 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 worth $85,084,000 after buying an additional 193,349 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Caleres by 0.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 81,921 shares of the textile maker’s stock worth $2,164,000 after buying an additional 338 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Caleres by 30.0% in the 1st quarter. Bank of America Corp DE now owns 343,326 shares of the textile maker’s stock worth $9,071,000 after buying an additional 79,330 shares in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in shares of Caleres by 2.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 911,100 shares of the textile maker’s stock worth $25,310,000 after buying an additional 22,200 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Caleres in the 1st quarter worth approximately $225,000. 86.37% of the stock is owned by institutional investors and hedge funds.
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A number of research firms recently weighed in on CAL. Zacks Investment Research cut Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $31.00 price target on shares of Caleres in a report on Tuesday, August 29th. BidaskClub raised Caleres from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, TheStreet raised Caleres from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.00.
Caleres, Inc. (NYSE:CAL) traded down 0.14% during midday trading on Friday, reaching $28.48. The company had a trading volume of 102,958 shares. The stock has a market cap of $1.22 billion, a P/E ratio of 20.21 and a beta of 1.07. Caleres, Inc. has a 12 month low of $22.39 and a 12 month high of $36.61. The firm has a 50-day moving average of $28.64 and a 200-day moving average of $27.16.
Caleres (NYSE:CAL) last posted its quarterly earnings data on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $677.00 million during 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 period in the prior year, the business posted $0.46 earnings per share. On average, equities analysts expect that Caleres, Inc. will post $2.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 18th were issued a $0.07 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.98%. Caleres’s payout ratio is 19.86%.
In related 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 value of $1,003,002.00. Following the completion of the sale, the senior vice president now directly owns 103,837 shares in the company, valued at $3,118,225.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.
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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