Alliancebernstein L.P. increased its holdings in Caleres, Inc. (NYSE:CAL) by 13.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,164,709 shares of the textile maker’s stock after purchasing an additional 379,868 shares during the period. Alliancebernstein L.P. owned approximately 7.36% of Caleres worth $87,916,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue raised its position in Caleres by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the textile maker’s stock worth $125,000 after purchasing an additional 60 shares in the last quarter. Pacad Investment Ltd. acquired a new position in Caleres in the second quarter worth about $142,000. Chevy Chase Trust Holdings Inc. acquired a new position in Caleres in the second quarter worth about $204,000. Quantbot Technologies LP acquired a new position in Caleres in the first quarter worth about $209,000. Finally, Karp Capital Management Corp acquired a new position in Caleres in the first quarter worth about $225,000. 86.31% of the stock is owned by hedge funds and other institutional investors.
Shares of Caleres, Inc. (CAL) opened at 27.95 on Tuesday. Caleres, Inc. has a 52 week low of $22.39 and a 52 week high of $36.61. The company has a market capitalization of $1.20 billion, a PE ratio of 19.88 and a beta of 1.06. The firm’s 50-day moving average is $26.06 and its 200 day moving average is $27.09.
Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The business had revenue of $677 million during the quarter, compared to analysts’ expectations of $668.85 million. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s revenue was up 8.7% on a year-over-year basis. On average, analysts anticipate that Caleres, Inc. will post $2.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, September 15th. Caleres’s payout ratio is presently 19.86%.
Several research analysts recently issued reports on CAL shares. Zacks Investment Research lowered shares of Caleres from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. UBS AG raised shares of Caleres from a “neutral” rating to a “positive” rating in a research report on Tuesday, May 30th. Susquehanna Bancshares Inc raised shares of 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. BidaskClub raised shares of Caleres from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.40.
Caleres Company Profile
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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