Semanteon Capital Management LP Invests $564,000 in Caleres, Inc. $CAL

Semanteon Capital Management LP purchased a new position in shares of Caleres, Inc. (NYSE:CAL) during the third quarter, HoldingsChannel.com reports. The fund purchased 43,244 shares of the textile maker’s stock, valued at approximately $564,000.

A number of other institutional investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in shares of Caleres by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,363 shares of the textile maker’s stock valued at $151,000 after acquiring an additional 693 shares during the period. Franklin Resources Inc. lifted its position in Caleres by 5.6% during the second quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock valued at $231,000 after purchasing an additional 1,007 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Caleres by 1,662.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock valued at $25,000 after buying an additional 1,879 shares during the period. Prudential Financial Inc. lifted its holdings in Caleres by 5.8% in the second quarter. Prudential Financial Inc. now owns 34,938 shares of the textile maker’s stock valued at $427,000 after acquiring an additional 1,926 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Caleres by 3.0% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 66,154 shares of the textile maker’s stock worth $863,000 after buying an additional 1,954 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CAL shares. Zacks Research lowered shares of Caleres from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Caleres currently has an average rating of “Sell” and an average price target of $14.00.

Caleres Stock Up 4.9%

Shares of Caleres stock opened at $13.08 on Friday. The business’s fifty day simple moving average is $12.93 and its 200-day simple moving average is $13.11. The firm has a market cap of $443.24 million, a PE ratio of 20.75 and a beta of 0.64. Caleres, Inc. has a 52 week low of $9.54 and a 52 week high of $18.27.

Caleres (NYSE:CAL) last released its quarterly earnings results on Tuesday, December 9th. The textile maker reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). Caleres had a net margin of 0.78% and a return on equity of 8.62%. The company had revenue of $790.05 million during the quarter, compared to analysts’ expectations of $768.59 million. During the same period last year, the firm posted $1.23 earnings per share. Caleres’s revenue was up 6.6% on a year-over-year basis. Caleres has set its FY 2025 guidance at 0.550-0.60 EPS. As a group, equities analysts expect that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, December 26th. Caleres’s dividend payout ratio is 44.44%.

About Caleres

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.