New York State Teachers Retirement System lowered its stake in shares of Caleres Inc. (NYSE:CAL) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 127,853 shares of the company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in Caleres were worth $3,095,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Fund Advisors raised its stake in shares of 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. Franklin Resources Inc. raised its stake in shares of 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. JPMorgan Chase & Co. raised its stake in shares of Caleres by 21.8% in the first quarter. JPMorgan Chase & Co. now owns 588,258 shares of the company’s stock worth $16,642,000 after buying an additional 105,361 shares during the period. Renaissance Technologies LLC raised its stake in shares of Caleres by 124.0% in the first quarter. Renaissance Technologies LLC now owns 431,150 shares of the company’s stock worth $12,197,000 after buying an additional 238,700 shares during the period. Finally, Hillcrest Asset Management LLC purchased a new stake in shares of Caleres during the first quarter worth about $6,964,000. 85.60% of the stock is currently owned by institutional investors.
Shares of Caleres Inc. (NYSE:CAL) traded down 0.80% on Tuesday, reaching $26.14. 186,021 shares of the company were exchanged. The company’s 50-day moving average is $25.30 and its 200-day moving average is $25.14. Caleres Inc. has a 52 week low of $21.27 and a 52 week high of $31.82. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 13.83 and a beta of 0.80.
Caleres (NYSE:CAL) last released its quarterly earnings results on Tuesday, August 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. The business had revenue of $622.94 million for the quarter, compared to analysts’ expectations of $638.71 million. Caleres had a net margin of 3.26% and a return on equity of 13.87%. Caleres’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. On average, equities analysts expect that Caleres Inc. will post $0.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 19th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, September 15th. Caleres’s payout ratio is 14.66%.
A number of equities research analysts have issued reports on CAL shares. Zacks Investment Research lowered shares of Caleres from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Susquehanna started 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 reaffirmed a “hold” rating and set a $30.00 target price on shares of Caleres in a research note on Wednesday, September 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.67.
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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