Point72 Asset Management L.P. Lowers Position in Caleres, Inc. (CAL)

Point72 Asset Management L.P. trimmed its stake in Caleres, Inc. (NYSE:CAL) by 95.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,500 shares of the textile maker’s stock after selling 852,000 shares during the period. Point72 Asset Management L.P. owned 0.10% of Caleres worth $1,267,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Pacad Investment Ltd. bought a new position in shares of Caleres in the 2nd quarter worth about $142,000. YorkBridge Wealth Partners LLC bought a new stake in Caleres during the 3rd quarter valued at about $183,000. LaSalle Street Capital Management LLC bought a new stake in Caleres during the 2nd quarter valued at about $201,000. Verition Fund Management LLC bought a new stake in Caleres during the 2nd quarter valued at about $229,000. Finally, Fox Run Management L.L.C. bought a new stake in Caleres during the 3rd quarter valued at about $244,000. 86.53% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine upgraded shares of Caleres from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Susquehanna Bancshares reiterated a “buy” rating and issued a $32.00 price target on shares of Caleres in a research note on Wednesday, November 22nd. Wedbush reiterated an “outperform” rating and issued a $32.00 price target on shares of Caleres in a research note on Wednesday, November 22nd. Finally, Macquarie reissued an “outperform” rating and issued a $37.00 price objective on shares of Caleres in a report on Sunday, October 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $33.17.

In other news, CEO Diane M. Sullivan sold 15,000 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $34.00, for a total transaction of $510,000.00. Following the completion of the sale, the chief executive officer now directly owns 609,578 shares of the company’s stock, valued at $20,725,652. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diane M. Sullivan sold 26,100 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $32.57, for a total transaction of $850,077.00. The disclosure for this sale can be found here. Insiders sold 56,100 shares of company stock worth $1,859,927 in the last 90 days. 6.20% of the stock is currently owned by company insiders.

Shares of Caleres, Inc. (CAL) traded up $0.46 during trading hours on Friday, reaching $33.40. 341,972 shares of the company’s stock traded hands, compared to its average volume of 224,439. Caleres, Inc. has a twelve month low of $22.39 and a twelve month 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. The stock has a market capitalization of $1,415.73, a P/E ratio of 23.86, a P/E/G ratio of 1.41 and a beta of 1.13.

Caleres (NYSE:CAL) last released its earnings results on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.05). Caleres had a return on equity of 13.59% and a net margin of 2.21%. The company had revenue of $774.66 million during the quarter, compared to analysts’ expectations of $785.75 million. During the same period last year, the firm posted $0.81 EPS. Caleres’s quarterly revenue was up 5.8% compared to the same quarter last year. research analysts expect that Caleres, Inc. will post 2.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Tuesday, December 26th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, December 22nd. Caleres’s dividend payout ratio is presently 20.00%.

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Caleres 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.

Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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