Royce & Associates LP reduced its position in shares of Caleres Inc (NYSE:CAL) by 8.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 374,143 shares of the textile maker’s stock after selling 33,950 shares during the quarter. Royce & Associates LP’s holdings in Caleres were worth $13,417,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CAL. Aperio Group LLC increased its stake in Caleres by 19.9% during the second quarter. Aperio Group LLC now owns 10,633 shares of the textile maker’s stock valued at $366,000 after acquiring an additional 1,764 shares during the period. TD Asset Management Inc. bought a new position in Caleres during the second quarter valued at about $1,465,000. New York State Teachers Retirement System increased its stake in Caleres by 3.4% during the second quarter. New York State Teachers Retirement System now owns 127,253 shares of the textile maker’s stock valued at $4,376,000 after acquiring an additional 4,200 shares during the period. IndexIQ Advisors LLC increased its stake in Caleres by 9.5% during the second quarter. IndexIQ Advisors LLC now owns 65,101 shares of the textile maker’s stock valued at $2,239,000 after acquiring an additional 5,633 shares during the period. Finally, Alps Advisors Inc. bought a new position in Caleres during the second quarter valued at about $499,000. Institutional investors and hedge funds own 90.55% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. ValuEngine downgraded Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Loop Capital set a $37.00 price objective on Caleres and gave the company a “hold” rating in a report on Tuesday, September 4th. Wedbush lifted their price objective on Caleres from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, August 29th. Finally, Macquarie lifted their price objective on Caleres from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $38.33.
NYSE CAL opened at $29.46 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.39 and a current ratio of 1.19. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 13.64 and a beta of 0.86. Caleres Inc has a 1-year low of $27.10 and a 1-year high of $41.09.
Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, November 20th. The textile maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.07). The company had revenue of $776.00 million for the quarter, compared to analyst estimates of $765.00 million. Caleres had a net margin of 3.21% and a return on equity of 13.58%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. On average, sell-side analysts predict that Caleres Inc will post 2.3 EPS for the current year.
In other Caleres news, CEO Diane M. Sullivan sold 10,000 shares of Caleres stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $37.33, for a total transaction of $373,300.00. Following the sale, the chief executive officer now directly owns 465,303 shares of the company’s stock, valued at $17,369,760.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by insiders.
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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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