Thrivent Financial For Lutherans decreased its stake in Caleres (NYSE:CAL) by 11.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,603 shares of the textile maker’s stock after selling 26,472 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.49% of Caleres worth $7,084,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Mosaic Family Wealth LLC acquired a new position in Caleres in the fourth quarter worth $140,000. Amalgamated Bank bought a new stake in shares of Caleres during the fourth quarter worth $204,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Caleres during the fourth quarter worth $234,000. Cubist Systematic Strategies LLC raised its position in shares of Caleres by 440.0% during the third quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock worth $316,000 after acquiring an additional 8,443 shares during the last quarter. Finally, LaSalle Street Capital Management LLC raised its position in shares of Caleres by 65.0% during the third quarter. LaSalle Street Capital Management LLC now owns 11,949 shares of the textile maker’s stock worth $365,000 after acquiring an additional 4,707 shares during the last quarter. 89.68% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Daniel R. Freidman sold 2,000 shares of the stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $31.81, for a total transaction of $63,620.00. Following the transaction, the insider now owns 91,733 shares in the company, valued at $2,918,026.73. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel R. Freidman sold 10,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.45, for a total value of $284,500.00. Following the transaction, the insider now owns 79,435 shares in the company, valued at approximately $2,259,925.75. The disclosure for this sale can be found here. 6.20% of the stock is owned by corporate insiders.
Shares of NYSE CAL opened at $34.78 on Friday. Caleres has a 52 week low of $22.39 and a 52 week high of $36.00. The company has a quick ratio of 0.64, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The company has a market cap of $1,475.47, a P/E ratio of 16.10, a P/E/G ratio of 1.26 and a beta of 0.94.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, March 13th. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $702.50 million during the quarter, compared to analysts’ expectations of $695.61 million. Caleres had a return on equity of 14.01% and a net margin of 3.13%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. equities research analysts anticipate that Caleres will post 2.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.28 annualized dividend and a yield of 0.81%. Caleres’s dividend payout ratio is 12.96%.
A number of research firms have recently weighed in on CAL. Susquehanna Bancshares restated a “neutral” rating and set a $33.00 target price (up previously from $32.00) on shares of Caleres in a research report on Tuesday, January 23rd. UBS downgraded Caleres from a “positive” rating to a “neutral” rating in a report on Tuesday, January 23rd. ValuEngine upgraded Caleres from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Wedbush reiterated an “outperform” rating and issued a $35.00 price objective on shares of Caleres in a report on Wednesday, March 14th. Finally, Buckingham Research reissued a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Caleres in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Caleres has a consensus rating of “Buy” and an average target price of $35.20.
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Caleres Company Profile
Caleres, Inc, a footwear company, retails and wholesales footwear. The company operates through Famous Footwear and Brand Portfolio segments. It offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children. The company operates retail shoe stores primarily under the Famous Footwear and Naturalizer names, which offer brand-name athletic, casual, and dress shoes, including company-owned and licensed brands, such as LifeStride, Dr.
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