Shell Asset Management Co. Has $865,000 Stake in Caleres, Inc. (CAL)

Shell Asset Management Co. held its position in shares of Caleres, Inc. (NYSE:CAL) during the second quarter, Holdings Channel reports. The firm owned 31,136 shares of the textile maker’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Caleres were worth $865,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CAL. BlackRock Inc. boosted its position in shares of Caleres by 45,530.3% in the first quarter. BlackRock Inc. now owns 5,242,013 shares of the textile maker’s stock worth $138,493,000 after buying an additional 5,230,525 shares in the last quarter. Opus Capital Group LLC purchased a new position in shares of Caleres during the first quarter worth $6,318,000. Vanguard Group Inc. boosted its position in shares of Caleres by 6.0% in the first quarter. Vanguard Group Inc. now owns 3,783,362 shares of the textile maker’s stock worth $99,956,000 after buying an additional 212,710 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Caleres by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,220,362 shares of the textile maker’s stock worth $85,084,000 after buying an additional 193,349 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Caleres by 11.5% in the first quarter. Victory Capital Management Inc. now owns 1,627,833 shares of the textile maker’s stock worth $43,008,000 after buying an additional 167,846 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Shares of Caleres, Inc. (NYSE CAL) opened at 26.29 on Thursday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07. Caleres, Inc. has a 1-year low of $23.12 and a 1-year high of $36.61. The company’s 50 day moving average price is $26.92 and its 200-day moving average price is $27.87.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $631.50 million for the quarter, compared to analyst estimates of $621.31 million. Caleres had a return on equity of 13.80% and a net margin of 2.39%. Caleres’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. Equities analysts expect that Caleres, Inc. will post $2.18 EPS for the current fiscal year.

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A number of research analysts have recently weighed in on CAL shares. Zacks Investment Research cut Caleres from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. BidaskClub upgraded Caleres from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Susquehanna Bancshares Inc upgraded Caleres from a “neutral” rating to a “positive” rating and set a $31.00 price target for the company in a research report on Tuesday, May 30th. TheStreet upgraded Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Finally, UBS AG upgraded Caleres from a “neutral” rating to a “positive” rating in a research report on Tuesday, May 30th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.40.

About Caleres

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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