Principal Financial Group Inc. reduced its position in shares of Caleres, Inc. (NYSE:CAL) by 1.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,122,692 shares of the textile maker’s stock after selling 11,237 shares during the quarter. Principal Financial Group Inc. owned approximately 2.61% of Caleres worth $34,264,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Pacad Investment Ltd. purchased a new position in Caleres during the 2nd quarter valued at $142,000. YorkBridge Wealth Partners LLC purchased a new position in Caleres during the 3rd quarter valued at $183,000. LaSalle Street Capital Management LLC purchased a new position in Caleres during the 2nd quarter valued at $201,000. Chevy Chase Trust Holdings Inc. purchased a new position in Caleres during the 2nd quarter valued at $204,000. Finally, Verition Fund Management LLC purchased a new position in Caleres during the 2nd quarter valued at $229,000. Institutional investors own 88.34% of the company’s stock.
A number of research analysts have issued reports on CAL shares. BidaskClub downgraded shares of Caleres from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Caleres from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Susquehanna Bancshares Inc reissued a “buy” rating and set a $31.00 price objective on shares of Caleres in a research report on Tuesday, August 29th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Caleres has an average rating of “Buy” and an average target price of $33.00.
Shares of Caleres, Inc. (CAL) opened at $30.92 on Friday. The firm has a market cap of $1,211.64, a PE ratio of 13.96, a PEG ratio of 1.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.57 and a quick ratio of 0.38. Caleres, Inc. has a 1 year low of $22.39 and a 1 year high of $36.61.
Caleres (NYSE:CAL) last released its earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $677.00 million for the quarter, compared to the consensus estimate of $668.85 million. Caleres had a net margin of 2.61% and a return on equity of 10.89%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. research analysts anticipate that Caleres, Inc. will post 2.2 earnings per share for the current fiscal year.
In other news, SVP Douglas Koch sold 33,400 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $30.03, for a total value of $1,003,002.00. Following the sale, the senior vice president now directly owns 103,837 shares of the company’s stock, valued at approximately $3,118,225.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is owned by corporate insiders.
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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