Landscape Capital Management L.L.C. Purchases New Stake in Caleres, Inc. (NYSE:CAL)

Landscape Capital Management L.L.C. acquired a new position in shares of Caleres, Inc. (NYSE:CAL - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 126,587 shares of the textile maker's stock, valued at approximately $4,184,000. Landscape Capital Management L.L.C. owned 0.36% of Caleres as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAL. Foundry Partners LLC acquired a new position in shares of Caleres during the 2nd quarter worth about $500,000. Caxton Associates LP bought a new stake in Caleres in the first quarter valued at approximately $1,153,000. Great Lakes Advisors LLC increased its stake in Caleres by 69.6% in the second quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker's stock valued at $6,513,000 after purchasing an additional 79,581 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Caleres by 83.8% in the second quarter. Victory Capital Management Inc. now owns 61,959 shares of the textile maker's stock worth $2,082,000 after purchasing an additional 28,250 shares during the period. Finally, Sei Investments Co. bought a new position in shares of Caleres during the first quarter worth $962,000. Institutional investors own 98.44% of the company's stock.

Caleres Trading Up 2.4 %

Shares of CAL stock traded up $0.71 on Thursday, hitting $30.46. 401,099 shares of the stock were exchanged, compared to its average volume of 537,763. The firm has a market capitalization of $1.07 billion, a P/E ratio of 6.44 and a beta of 1.93. Caleres, Inc. has a fifty-two week low of $27.67 and a fifty-two week high of $44.51. The business has a 50-day moving average of $31.44 and a 200 day moving average of $34.75.

Caleres (NYSE:CAL - Get Free Report) last released its quarterly earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.37). The firm had revenue of $683.30 million for the quarter, compared to analyst estimates of $723.80 million. Caleres had a return on equity of 24.63% and a net margin of 5.84%. The company's revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. As a group, research analysts forecast that Caleres, Inc. will post 4.04 EPS for the current fiscal year.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, September 13th. Caleres's dividend payout ratio is currently 6.06%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CAL shares. Loop Capital lowered their price objective on shares of Caleres from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, September 13th. StockNews.com lowered Caleres from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd.

Caleres Profile

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.