California State Teachers Retirement System lessened its holdings in shares of Caleres, Inc. (NYSE:CAL) by 9.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 67,379 shares of the textile maker’s stock after selling 7,220 shares during the period. California State Teachers Retirement System’s holdings in Caleres were worth $2,056,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. YorkBridge Wealth Partners LLC bought a new stake in shares of Caleres during the 3rd quarter valued at $183,000. Verition Fund Management LLC bought a new stake in shares of Caleres during the 2nd quarter valued at $229,000. Fox Run Management L.L.C. bought a new stake in shares of Caleres during the 3rd quarter valued at $244,000. Capital Fund Management S.A. bought a new stake in shares of Caleres during the 2nd quarter valued at $364,000. Finally, LaSalle Street Capital Management LLC boosted its holdings in shares of Caleres by 65.0% during the 3rd quarter. LaSalle Street Capital Management LLC now owns 11,949 shares of the textile maker’s stock valued at $365,000 after buying an additional 4,707 shares in the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.
CAL has been the topic of a number of research reports. ValuEngine upgraded shares of Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Susquehanna Bancshares restated a “buy” rating and set a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, September 27th. Macquarie restated an “outperform” rating and set a $37.00 target price on shares of Caleres in a report on Sunday, October 1st. Finally, Wedbush restated an “outperform” rating and set a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $33.17.
Caleres, Inc. (NYSE CAL) opened at $31.69 on Wednesday. The stock has a market cap of $1,435.50, a PE ratio of 22.64, a P/E/G ratio of 1.43 and a beta of 1.13. Caleres, Inc. has a one year low of $22.39 and a one year high of $34.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49.
Caleres (NYSE:CAL) last announced its quarterly earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). The firm had revenue of $774.66 million during the quarter, compared to the consensus estimate of $785.75 million. Caleres had a return on equity of 13.59% and a net margin of 2.21%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 EPS. analysts expect that Caleres, Inc. will post 2.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Tuesday, December 26th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, December 22nd. Caleres’s payout ratio is 20.00%.
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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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