American International Group Inc. boosted its holdings in Caleres, Inc. (NYSE:CAL) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,441 shares of the textile maker’s stock after purchasing an additional 1,800 shares during the period. American International Group Inc. owned about 0.08% of Caleres worth $1,021,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Caleres by 0.8% in the second quarter. Vanguard Group Inc. now owns 3,814,134 shares of the textile maker’s stock valued at $105,956,000 after buying an additional 30,772 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Caleres by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,588,016 shares of the textile maker’s stock valued at $99,676,000 after buying an additional 367,654 shares during the period. Alliancebernstein L.P. raised its stake in shares of Caleres by 13.6% in the second quarter. Alliancebernstein L.P. now owns 3,164,709 shares of the textile maker’s stock valued at $87,916,000 after buying an additional 379,868 shares during the period. Victory Capital Management Inc. raised its stake in shares of Caleres by 10.0% in the third quarter. Victory Capital Management Inc. now owns 1,973,708 shares of the textile maker’s stock valued at $60,237,000 after buying an additional 178,870 shares during the period. Finally, State Street Corp raised its stake in shares of Caleres by 8.0% in the second quarter. State Street Corp now owns 1,251,450 shares of the textile maker’s stock valued at $34,764,000 after buying an additional 92,687 shares during the period. 86.53% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Caleres from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Susquehanna Bancshares restated a “buy” rating and issued a $32.00 target price on shares of Caleres in a research note on Wednesday, November 22nd. Wedbush restated an “outperform” rating and issued a $32.00 target price on shares of Caleres in a research note on Wednesday, November 22nd. Finally, Macquarie reiterated an “outperform” rating and set a $37.00 price objective on shares of Caleres in a research note on Sunday, October 1st. Three 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 price target of $33.17.
Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Caleres had a net margin of 2.21% and a return on equity of 13.59%. The company had revenue of $774.66 million for the quarter, compared to the consensus estimate of $785.75 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. research analysts anticipate that Caleres, Inc. will post 2.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Tuesday, December 26th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.86%. Caleres’s payout ratio is 20.00%.
In other Caleres news, CEO Diane M. Sullivan sold 26,100 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $32.57, for a total value of $850,077.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Douglas Koch sold 33,400 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 103,837 shares in the company, valued at $3,118,225.11. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.
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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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