Swiss National Bank raised its holdings in Caleres Inc (NYSE:CAL) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,200 shares of the textile maker’s stock after acquiring an additional 2,900 shares during the quarter. Swiss National Bank owned 0.17% of Caleres worth $2,451,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in Caleres in the 3rd quarter valued at about $3,195,000. State Street Corp boosted its holdings in Caleres by 8.0% in the 2nd quarter. State Street Corp now owns 1,251,450 shares of the textile maker’s stock worth $34,764,000 after acquiring an additional 92,687 shares during the period. Algert Global LLC purchased a new position in Caleres in the 3rd quarter worth approximately $2,628,000. Dalton Greiner Hartman Maher & Co. boosted its holdings in Caleres by 16.3% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 525,566 shares of the textile maker’s stock worth $17,596,000 after acquiring an additional 73,585 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Caleres by 20.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 411,589 shares of the textile maker’s stock worth $12,562,000 after acquiring an additional 71,031 shares during the period. 89.68% of the stock is owned by institutional investors.
A number of brokerages have issued reports on CAL. Buckingham Research reaffirmed a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Caleres in a research report on Wednesday. Zacks Investment Research lowered Caleres from a “hold” rating to a “sell” rating in a research report on Monday, March 12th. ValuEngine raised Caleres from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Wedbush restated an “outperform” rating and set a $32.00 price objective on shares of Caleres in a research note on Wednesday, November 22nd. Finally, UBS cut Caleres from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.83.
In other Caleres news, insider Richard M. Ausick sold 5,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $33.07, for a total value of $165,350.00. Following the completion of the transaction, the insider now directly owns 90,834 shares of the company’s stock, valued at $3,003,880.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel R. Freidman sold 10,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $28.45, for a total value of $284,500.00. Following the completion of the transaction, the insider now directly owns 79,435 shares of the company’s stock, valued at $2,259,925.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,000 shares of company stock valued at $1,294,350. 6.20% of the stock is owned by insiders.
Shares of Caleres Inc (NYSE:CAL) opened at $31.86 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.97. The firm has a market capitalization of $1,350.41, a PE ratio of 14.55, a PEG ratio of 1.15 and a beta of 1.07. Caleres Inc has a one year low of $22.39 and a one year high of $34.34.
Caleres (NYSE:CAL) last announced its quarterly earnings data on Tuesday, March 13th. The textile maker reported $0.48 EPS for the quarter, topping 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 the consensus estimate of $695.61 million. During the same quarter last year, the company earned $0.33 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. equities research analysts anticipate that Caleres Inc will post 2.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be paid a $0.07 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.88%. Caleres’s dividend payout ratio (DPR) is currently 13.79%.
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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.
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