California Public Employees Retirement System Reduces Stake in Caleres Inc (NYSE:CAL)

California Public Employees Retirement System reduced its position in Caleres Inc (NYSE:CAL) by 39.0% during the first quarter, Holdings Channel reports. The institutional investor owned 77,880 shares of the textile maker’s stock after selling 49,837 shares during the period. California Public Employees Retirement System’s holdings in Caleres were worth $1,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in Caleres by 6.2% in the fourth quarter. Arizona State Retirement System now owns 66,526 shares of the textile maker’s stock valued at $1,851,000 after acquiring an additional 3,877 shares during the period. Rhumbline Advisers boosted its position in shares of Caleres by 19.3% during the fourth quarter. Rhumbline Advisers now owns 129,269 shares of the textile maker’s stock valued at $3,598,000 after buying an additional 20,956 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Caleres by 321.5% during the fourth quarter. SG Americas Securities LLC now owns 24,870 shares of the textile maker’s stock valued at $692,000 after buying an additional 18,969 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Caleres by 67.4% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 49,760 shares of the textile maker’s stock valued at $1,385,000 after buying an additional 20,036 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Caleres by 5.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,357,860 shares of the textile maker’s stock valued at $37,790,000 after buying an additional 69,698 shares during the last quarter. Hedge funds and other institutional investors own 95.51% of the company’s stock.

CAL stock opened at $19.48 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.26 and a current ratio of 0.97. Caleres Inc has a 1-year low of $18.33 and a 1-year high of $41.09. The firm has a market capitalization of $848.33 million, a price-to-earnings ratio of 9.38 and a beta of 0.95.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Monday, June 3rd. The textile maker reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Caleres had a positive return on equity of 13.16% and a negative net margin of 0.47%. The business had revenue of $677.80 million for the quarter, compared to analysts’ expectations of $672.90 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. As a group, research analysts predict that Caleres Inc will post 2.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.28 annualized dividend and a yield of 1.44%. Caleres’s dividend payout ratio is currently 12.67%.

CAL has been the topic of several analyst reports. Zacks Investment Research raised Caleres from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Loop Capital cut their target price on Caleres to $26.00 and set a “hold” rating on the stock in a research report on Friday, March 22nd. Macquarie set a $38.00 price objective on Caleres and gave the stock a “buy” rating in a research report on Friday, March 22nd. Wedbush reissued an “outperform” rating on shares of Caleres in a research report on Tuesday, March 12th. Finally, ValuEngine cut Caleres from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $37.80.

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About Caleres

Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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