Sei Investments Co. lessened its stake in Caleres Inc (NYSE:CAL) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,295 shares of the textile maker’s stock after selling 3,961 shares during the period. Sei Investments Co. owned about 0.24% of Caleres worth $3,425,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of CAL. State Street Corp boosted its position in shares of Caleres by 8.0% during the second quarter. State Street Corp now owns 1,251,450 shares of the textile maker’s stock worth $34,764,000 after purchasing an additional 92,687 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of Caleres by 24.5% during the third quarter. Nationwide Fund Advisors now owns 150,100 shares of the textile maker’s stock worth $4,581,000 after acquiring an additional 29,559 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Caleres in the 3rd quarter valued at $382,000. State Board of Administration of Florida Retirement System increased its stake in Caleres by 17.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 39,320 shares of the textile maker’s stock valued at $1,200,000 after buying an additional 5,916 shares during the last quarter. Finally, Stevens Capital Management LP increased its stake in Caleres by 97.9% in the 3rd quarter. Stevens Capital Management LP now owns 27,790 shares of the textile maker’s stock valued at $848,000 after buying an additional 13,747 shares during the last quarter. 89.68% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Diane M. Sullivan sold 15,000 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $34.00, for a total transaction of $510,000.00. Following the sale, the chief executive officer now owns 609,578 shares in the company, valued at approximately $20,725,652. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel R. Freidman sold 10,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $28.45, for a total transaction of $284,500.00. Following the completion of the transaction, the insider now owns 79,435 shares in the company, valued at approximately $2,259,925.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,000 shares of company stock worth $1,294,350. Insiders own 6.20% of the company’s stock.
Several equities research analysts have issued reports on CAL shares. Wedbush reiterated an “outperform” rating and issued a $32.00 price target on shares of Caleres in a research note on Wednesday, November 22nd. Susquehanna Bancshares reaffirmed a “buy” rating and set a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Caleres from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, UBS Group cut shares of Caleres from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $33.83.
Shares of Caleres Inc (NYSE CAL) traded up $3.08 during mid-day trading on Wednesday, hitting $32.17. 1,589,282 shares of the stock traded hands, compared to its average volume of 298,624. Caleres Inc has a 52 week low of $22.39 and a 52 week high of $34.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.93. The stock has a market capitalization of $1,380.00, a P/E ratio of 16.00, a P/E/G ratio of 1.05 and a beta of 1.07.
Caleres (NYSE:CAL) last issued its earnings results on Tuesday, March 13th. The textile maker reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $702.50 million during the quarter, compared to analyst estimates of $695.61 million. Caleres had a net margin of 2.21% and a return on equity of 13.59%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. equities research analysts predict that Caleres Inc will post 2.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, March 16th. Caleres’s payout ratio is 13.93%.
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.
Receive News & Ratings for Caleres Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres and related companies with MarketBeat.com's FREE daily email newsletter.