Caleres, Inc. (CAL) Position Reduced by Principal Financial Group Inc.

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.

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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 Profile

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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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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