California State Teachers Retirement System trimmed its position in shares of Caleres, Inc. (NYSE:CAL) by 11.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,599 shares of the textile maker’s stock after selling 9,750 shares during the period. California State Teachers Retirement System owned about 0.17% of Caleres worth $2,072,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its holdings in shares of Caleres by 14.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 152,863 shares of the textile maker’s stock valued at $4,247,000 after buying an additional 19,341 shares in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in shares of Caleres by 2.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 911,100 shares of the textile maker’s stock valued at $25,310,000 after buying an additional 22,200 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Caleres by 0.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 81,921 shares of the textile maker’s stock valued at $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% during the 1st quarter. Bank of America Corp DE now owns 343,326 shares of the textile maker’s stock valued at $9,071,000 after buying an additional 79,330 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Caleres by 48.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 237,775 shares of the textile maker’s stock valued at $6,605,000 after buying an additional 78,110 shares in the last quarter. 88.34% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on the company. BidaskClub cut Caleres from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research cut Caleres from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Macquarie restated an “outperform” rating and set a $37.00 price target on shares of Caleres in a research report on Sunday, October 1st. Finally, TheStreet upgraded Caleres from a “c+” rating to a “b-” rating in a research report 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 stock. The stock currently has a consensus rating of “Buy” and an average price target of $33.00.
Caleres, Inc. (NYSE CAL) opened at $28.20 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31. Caleres, Inc. has a 1 year low of $22.39 and a 1 year high of $36.61. The stock has a market capitalization of $1,210.00, a P/E ratio of 14.02, a P/E/G ratio of 1.17 and a beta of 1.04.
Caleres (NYSE:CAL) last posted its quarterly earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $677.00 million for the quarter, compared to analyst estimates of $668.85 million. Caleres had a return on equity of 13.80% and a net margin of 2.26%. Caleres’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. analysts predict that Caleres, Inc. will post 2.2 earnings per share for the current year.
In other news, SVP Douglas Koch sold 33,400 shares of Caleres stock in a transaction that occurred 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 sale, the senior vice president now directly owns 103,837 shares in the company, valued at approximately $3,118,225.11. The sale was disclosed in a filing with the SEC, which is available through this link. 3.20% of the stock is currently owned by company insiders.
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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