Metropolitan Life Insurance Co. NY Has $451,000 Stake in Caleres (CAL)

Metropolitan Life Insurance Co. NY cut its stake in shares of Caleres (NYSE:CAL) by 53.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,456 shares of the textile maker’s stock after selling 15,511 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Caleres were worth $451,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Swiss National Bank lifted its stake in Caleres by 4.1% during the fourth quarter. Swiss National Bank now owns 73,200 shares of the textile maker’s stock worth $2,451,000 after purchasing an additional 2,900 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Caleres by 20.9% during the third quarter. Ameriprise Financial Inc. now owns 411,589 shares of the textile maker’s stock worth $12,562,000 after purchasing an additional 71,031 shares during the last quarter. Dalton Greiner Hartman Maher & Co. lifted its stake in Caleres by 16.3% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 525,566 shares of the textile maker’s stock worth $17,596,000 after purchasing an additional 73,585 shares during the last quarter. California Public Employees Retirement System lifted its stake in Caleres by 3.4% during the third quarter. California Public Employees Retirement System now owns 157,117 shares of the textile maker’s stock worth $4,795,000 after purchasing an additional 5,167 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Caleres by 8.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 420,706 shares of the textile maker’s stock worth $12,840,000 after purchasing an additional 32,011 shares during the last quarter. 89.68% of the stock is owned by institutional investors and hedge funds.

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Shares of NYSE CAL opened at $34.08 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 0.64. Caleres has a twelve month low of $22.39 and a twelve month high of $36.00. The company has a market capitalization of $1,495.67, a price-to-earnings ratio of 15.78, a PEG ratio of 1.28 and a beta of 0.94.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, March 13th. The textile maker reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Caleres had a return on equity of 14.01% and a net margin of 3.13%. The company had revenue of $702.50 million during the quarter, compared to analysts’ expectations of $695.61 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. sell-side analysts anticipate that Caleres will post 2.48 earnings per share for the current year.

The company 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. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, March 16th. Caleres’s dividend payout ratio is currently 12.96%.

In other Caleres news, insider Daniel R. Freidman sold 10,000 shares of the business’s 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 completion of the sale, the insider now owns 79,435 shares in the company, valued at $2,259,925.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel R. Freidman sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $31.81, for a total value of $63,620.00. Following the completion of the sale, the insider now owns 91,733 shares of the company’s stock, valued at approximately $2,918,026.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,399 shares of company stock valued at $1,481,340. 6.20% of the stock is owned by company insiders.

CAL has been the subject of several recent analyst reports. ValuEngine upgraded Caleres from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Wedbush restated an “outperform” rating and set a $35.00 target price on shares of Caleres in a research note on Wednesday, March 14th. Buckingham Research restated a “buy” rating and set a $38.00 target price (up previously from $37.00) on shares of Caleres in a research note on Wednesday, March 14th. 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 note on Tuesday, January 23rd. Finally, Zacks Investment Research cut Caleres from a “hold” rating to a “sell” rating in a research note on Monday, March 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.20.

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About Caleres

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.

Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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