Uncommon Cents Investing LLC cut its holdings in Caleres Inc (NYSE:CAL) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,375 shares of the textile maker’s stock after selling 730 shares during the quarter. Uncommon Cents Investing LLC owned approximately 0.08% of Caleres worth $758,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new position in shares of Caleres in the 3rd quarter valued at $8,691,000. Fox Run Management L.L.C. acquired a new stake in Caleres during the 3rd quarter valued at $492,000. State of Alaska Department of Revenue grew its holdings in Caleres by 125.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 32,438 shares of the textile maker’s stock valued at $759,000 after purchasing an additional 18,075 shares in the last quarter. Parallax Volatility Advisers L.P. grew its holdings in Caleres by 30.2% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 26,889 shares of the textile maker’s stock valued at $536,000 after purchasing an additional 6,238 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in Caleres by 5.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,507,918 shares of the textile maker’s stock valued at $30,038,000 after purchasing an additional 81,681 shares in the last quarter. Institutional investors and hedge funds own 95.40% of the company’s stock.
Shares of NYSE CAL traded down $0.06 during midday trading on Thursday, hitting $21.55. The company’s stock had a trading volume of 4,607 shares, compared to its average volume of 570,448. Caleres Inc has a 1-year low of $14.30 and a 1-year high of $37.82. The firm’s fifty day moving average price is $21.77 and its 200-day moving average price is $21.09. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.24 and a current ratio of 0.97. The firm has a market cap of $875.38 million, a P/E ratio of 9.78 and a beta of 0.90.
Caleres (NYSE:CAL) last posted its quarterly earnings results on Monday, August 26th. The textile maker reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Caleres had a negative net margin of 0.41% and a positive return on equity of 13.75%. The business had revenue of $752.49 million during the quarter, compared to analyst estimates of $752.23 million. During the same period in the previous year, the business posted $0.59 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts predict that Caleres Inc will post 2.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, September 11th. Caleres’s dividend payout ratio (DPR) is presently 12.67%.
Several research analysts have weighed in on the stock. ValuEngine raised shares of Caleres from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Susquehanna Bancshares set a $20.00 price objective on shares of Caleres and gave the stock a “buy” rating in a report on Monday, August 26th. Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Caleres in a report on Thursday, October 3rd. Loop Capital raised their price objective on shares of Caleres to $30.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday, August 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Caleres currently has a consensus rating of “Buy” and an average price target of $27.40.
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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