Pacer Advisors Inc. acquired a new stake in Caleres, Inc. (NYSE:CAL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,506,279 shares of the textile maker's stock, valued at approximately $49,783,000. Pacer Advisors Inc. owned about 4.28% of Caleres as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAL. Louisiana State Employees Retirement System raised its position in shares of Caleres by 2.4% in the third quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the textile maker's stock valued at $562,000 after buying an additional 400 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Caleres by 1.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,394 shares of the textile maker's stock worth $988,000 after purchasing an additional 409 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Caleres by 3.2% in the third quarter. State of Alaska Department of Revenue now owns 20,047 shares of the textile maker's stock valued at $662,000 after purchasing an additional 628 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Caleres by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 16,743 shares of the textile maker's stock valued at $563,000 after purchasing an additional 761 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in Caleres by 6.6% during the third quarter. Quest Partners LLC now owns 14,028 shares of the textile maker's stock worth $464,000 after buying an additional 869 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on CAL shares. Loop Capital cut their target price on Caleres from $45.00 to $30.00 and set a "hold" rating for the company in a research note on Friday, September 13th. StockNews.com downgraded shares of Caleres from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd.
Check Out Our Latest Analysis on CAL
Caleres Stock Performance
Shares of Caleres stock traded up $1.06 during trading hours on Friday, hitting $31.52. The company's stock had a trading volume of 450,973 shares, compared to its average volume of 537,381. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 6.59 and a beta of 1.93. Caleres, Inc. has a twelve month low of $27.67 and a twelve month high of $44.51. The firm has a fifty day moving average of $31.45 and a 200-day moving average of $34.72.
Caleres (NYSE:CAL - Get Free Report) last announced its earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.37). Caleres had a return on equity of 24.63% and a net margin of 5.84%. The company had revenue of $683.30 million for the quarter, compared to analysts' expectations of $723.80 million. During the same period last year, the business earned $0.98 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts expect that Caleres, Inc. will post 4.04 earnings per share for the current fiscal year.
Caleres Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.28 annualized dividend and a yield of 0.89%. Caleres's dividend payout ratio is presently 6.06%.
Caleres Company Profile
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Free Report)
Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.
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