Caleres Inc (NYSE:CAL) Shares Bought by SG Americas Securities LLC

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SG Americas Securities LLC grew its position in shares of Caleres Inc (NYSE:CAL) by 518.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,809 shares of the textile maker’s stock after acquiring an additional 90,373 shares during the quarter. SG Americas Securities LLC owned about 0.26% of Caleres worth $2,148,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Systematic Financial Management LP bought a new stake in shares of Caleres in the 2nd quarter valued at approximately $1,709,000. Strs Ohio grew its stake in shares of Caleres by 7.3% in the 2nd quarter. Strs Ohio now owns 30,700 shares of the textile maker’s stock valued at $611,000 after buying an additional 2,100 shares in the last quarter. Lenox Wealth Management Inc. grew its stake in shares of Caleres by 12.8% in the 2nd quarter. Lenox Wealth Management Inc. now owns 11,976 shares of the textile maker’s stock valued at $239,000 after buying an additional 1,360 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Caleres by 28.8% in the 1st quarter. First Trust Advisors LP now owns 58,242 shares of the textile maker’s stock valued at $1,438,000 after buying an additional 13,035 shares in the last quarter. Finally, Cooper Creek Partners Management LLC bought a new stake in shares of Caleres in the 1st quarter valued at approximately $9,333,000. 95.50% of the stock is owned by institutional investors.

Several equities research analysts recently commented on CAL shares. Needham & Company LLC raised Caleres from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Monday, April 22nd. ValuEngine cut Caleres from a “sell” rating to a “strong sell” rating in a research report on Monday, May 20th. Susquehanna Bancshares raised Caleres from a “neutral” rating to a “positive” rating and upped their target price for the stock from $22.00 to $23.00 in a research report on Monday, July 22nd. Finally, Zacks Investment Research raised Caleres from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.33.

Shares of Caleres stock opened at $14.69 on Friday. The stock has a market capitalization of $649.41 million, a P/E ratio of 6.65 and a beta of 0.95. The company has a quick ratio of 0.26, a current ratio of 0.97 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average price of $17.72 and a two-hundred day moving average price of $23.33. Caleres Inc has a 12-month low of $14.30 and a 12-month high of $41.09.

Caleres (NYSE:CAL) last announced its earnings results on Monday, June 3rd. The textile maker reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $672.90 million. Caleres had a positive return on equity of 13.16% and a negative net margin of 0.47%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. Sell-side analysts anticipate that Caleres Inc will post 2.4 earnings per share for the current year.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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