Arizona State Retirement System reduced its stake in shares of Caleres Inc (NYSE:CAL) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,536 shares of the textile maker’s stock after selling 609 shares during the quarter. Arizona State Retirement System owned 0.16% of Caleres worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of CAL. Pinnacle Financial Partners Inc. acquired a new position in Caleres during the first quarter worth about $71,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Caleres by 52.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,272 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 1,123 shares during the last quarter. Cambria Investment Management L.P. acquired a new stake in shares of Caleres in the first quarter valued at approximately $118,000. Quantamental Technologies LLC grew its position in shares of Caleres by 2,466.8% in the first quarter. Quantamental Technologies LLC now owns 5,185 shares of the textile maker’s stock valued at $128,000 after purchasing an additional 4,983 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of Caleres by 937.6% in the first quarter. BNP Paribas Arbitrage SA now owns 9,681 shares of the textile maker’s stock valued at $239,000 after purchasing an additional 8,748 shares during the last quarter. Institutional investors own 95.50% of the company’s stock.
Several research firms have recently commented on CAL. Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Needham & Company LLC upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Monday, April 22nd. Susquehanna Bancshares upgraded shares of Caleres from a “neutral” rating to a “positive” rating and increased their price target for the company from $22.00 to $23.00 in a research report on Monday, July 22nd. Finally, ValuEngine lowered shares of Caleres from a “sell” rating to a “strong sell” rating in a research report on Monday, May 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $35.33.
Caleres (NYSE:CAL) last released its quarterly earnings results on Monday, June 3rd. The textile maker reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $677.80 million during the quarter, compared to analyst estimates of $672.90 million. Caleres had a negative net margin of 0.47% and a positive return on equity of 13.16%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. On average, research analysts expect that Caleres Inc will post 2.4 EPS for the current fiscal year.
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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