State Board of Administration of Florida Retirement System maintained its position in Caleres Inc (NYSE:CAL) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 39,339 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Caleres were worth $1,291,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAL. Royal Bank of Canada increased its position in Caleres by 4.0% in the second quarter. Royal Bank of Canada now owns 9,517 shares of the company’s stock valued at $230,000 after buying an additional 364 shares in the last quarter. First Mercantile Trust Co. bought a new position in Caleres during the third quarter valued at approximately $255,000. First Quadrant L P CA bought a new position in Caleres during the third quarter valued at approximately $323,000. First Manhattan Co. increased its position in Caleres by 38.9% in the third quarter. First Manhattan Co. now owns 98,500 shares of the company’s stock valued at $2,491,000 after buying an additional 27,600 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Caleres by 45.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 127,000 shares of the company’s stock valued at $3,212,000 after buying an additional 39,500 shares in the last quarter. Hedge funds and other institutional investors own 85.77% of the company’s stock.
Shares of Caleres Inc (NYSE:CAL) opened at 26.30 on Tuesday. The company has a 50 day moving average price of $30.41 and a 200 day moving average price of $29.14. The company has a market capitalization of $1.13 billion, a PE ratio of 13.64 and a beta of 0.61. Caleres Inc has a 1-year low of $21.27 and a 1-year high of $36.61.
Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, March 16th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.38 by $0.05. Caleres had a net margin of 3.28% and a return on equity of 13.54%. The company had revenue of $639.49 million for the quarter, compared to the consensus estimate of $630.22 million. During the same period last year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts predict that Caleres Inc will post $2.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Tuesday, March 21st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, March 17th. Caleres’s dividend payout ratio (DPR) is presently 14.43%.
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Several research analysts have recently commented on CAL shares. Zacks Investment Research upgraded Caleres from a “sell” rating to a “hold” rating in a report on Tuesday, November 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $27.00 target price (up from $24.00) on shares of Caleres in a research note on Wednesday, November 23rd. Susquehanna Bancshares Inc raised Caleres from a “neutral” rating to a “positive” rating and raised their target price for the stock from $25.00 to $40.00 in a research note on Wednesday, December 7th. CL King cut Caleres from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 13th. Finally, Morgan Stanley raised Caleres from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $33.00 to $37.00 in a research note on Friday, March 3rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Caleres currently has a consensus rating of “Hold” and an average price target of $31.17.
In other Caleres news, CEO Diane M. Sullivan sold 21,630 shares of the stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $33.41, for a total transaction of $722,658.30. Following the completion of the transaction, the chief executive officer now owns 595,423 shares of the company’s stock, valued at approximately $19,893,082.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel R. Freidman sold 2,000 shares of the stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $32.00, for a total transaction of $64,000.00. Following the transaction, the insider now directly owns 84,373 shares of the company’s stock, valued at approximately $2,699,936. The disclosure for this sale can be found here. Insiders have sold a total of 32,530 shares of company stock valued at $1,064,608 in the last three months. Insiders own 3.20% of the company’s stock.
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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