Shell Asset Management Co. bought a new position in shares of Caleres Inc. (NYSE:CAL) during the second quarter, Holdings Channel reports. The institutional investor bought 35,148 shares of the company’s stock, valued at approximately $851,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Virginia Retirement System acquired a new position in Caleres during the first quarter worth approximately $419,000. Prudential Financial Inc. increased its position in Caleres by 8.6% in the first quarter. Prudential Financial Inc. now owns 110,313 shares of the company’s stock worth $3,121,000 after buying an additional 8,700 shares during the period. Franklin Resources Inc. increased its position in Caleres by 7.4% in the first quarter. Franklin Resources Inc. now owns 1,695,098 shares of the company’s stock worth $47,954,000 after buying an additional 116,700 shares during the period. BlackRock Group LTD increased its position in Caleres by 15.0% in the first quarter. BlackRock Group LTD now owns 46,147 shares of the company’s stock worth $1,306,000 after buying an additional 6,024 shares during the period. Finally, BlackRock Fund Advisors increased its position in Caleres by 1.2% in the first quarter. BlackRock Fund Advisors now owns 2,759,777 shares of the company’s stock worth $78,074,000 after buying an additional 33,471 shares during the period. 85.60% of the stock is currently owned by institutional investors and hedge funds.
Caleres Inc. (NYSE:CAL) traded down 0.84% during mid-day trading on Thursday, reaching $26.02. 161,223 shares of the company were exchanged. Caleres Inc. has a 1-year low of $21.27 and a 1-year high of $31.82. The firm has a market capitalization of $1.12 billion, a P/E ratio of 13.77 and a beta of 0.80. The stock has a 50-day moving average of $25.28 and a 200 day moving average of $25.17.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Caleres had a return on equity of 13.87% and a net margin of 3.26%. The company had revenue of $622.94 million for the quarter, compared to analyst estimates of $638.71 million. During the same period in the prior year, the business earned $0.50 earnings per share. Caleres’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts forecast that Caleres Inc. will post $0.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, September 15th. Caleres’s payout ratio is 14.66%.
CAL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. BB&T Corp. restated a “buy” rating and issued a $28.00 price target (up from $26.00) on shares of Caleres in a report on Saturday, June 11th. Susquehanna initiated coverage on shares of Caleres in a report on Friday, September 16th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Morgan Stanley restated a “hold” rating and issued a $30.00 price target on shares of Caleres in a report on Wednesday, September 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.67.
Caleres Company Profile
Caleres, Inc, formerly Brown Shoe Company, 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. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
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