The Manufacturers Life Insurance Company boosted its stake in shares of Caleres, Inc. (NYSE:CAL) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,972 shares of the textile maker’s stock after buying an additional 27 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Caleres worth $916,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in CAL. BlackRock Inc. grew its stake in shares of Caleres by 45,530.3% during the 1st quarter. BlackRock Inc. now owns 5,242,013 shares of the textile maker’s stock worth $138,493,000 after acquiring an additional 5,230,525 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Caleres by 13.6% during the 2nd quarter. Alliancebernstein L.P. now owns 3,164,709 shares of the textile maker’s stock worth $87,916,000 after acquiring an additional 379,868 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Caleres by 11.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,588,016 shares of the textile maker’s stock worth $99,676,000 after acquiring an additional 367,654 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of Caleres during the 2nd quarter worth approximately $6,584,000. Finally, Vanguard Group Inc. grew its stake in shares of Caleres by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 3,783,362 shares of the textile maker’s stock worth $99,956,000 after acquiring an additional 212,710 shares in the last quarter. Hedge funds and other institutional investors own 88.34% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $31.00 price target on shares of Caleres in a research note on Tuesday, August 29th. Zacks Investment Research cut shares of Caleres from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Macquarie reaffirmed an “outperform” rating and set a $37.00 price target on shares of Caleres in a research note on Sunday, October 1st. BidaskClub raised shares of Caleres from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.00.
In related news, SVP Douglas Koch sold 33,400 shares of the firm’s 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by company insiders.
Caleres, Inc. (NYSE CAL) opened at $28.20 on Wednesday. Caleres, Inc. has a 52 week low of $22.39 and a 52 week high of $36.61. The company has a quick ratio of 0.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1,210.00, a price-to-earnings ratio of 14.02, a P/E/G ratio of 1.17 and a beta of 1.04.
Caleres (NYSE:CAL) last released its earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The business had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $668.85 million. During the same period last year, the business earned $0.46 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. research analysts anticipate that Caleres, Inc. will post 2.2 EPS for the current fiscal year.
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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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