GSA Capital Partners LLP Makes New Investment in Caleres Inc (NYSE:CAL)

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GSA Capital Partners LLP bought a new position in shares of Caleres Inc (NYSE:CAL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 15,132 shares of the textile maker’s stock, valued at approximately $301,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAL. Pinnacle Financial Partners Inc. acquired a new position in Caleres during the 1st quarter worth about $71,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Caleres by 52.3% in the 1st 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 period. Cambria Investment Management L.P. acquired a new position in shares of Caleres in the 1st quarter valued at about $118,000. Quantamental Technologies LLC lifted its stake in shares of Caleres by 2,466.8% in the 1st 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 period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Caleres by 937.6% in the 1st 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 period. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Caleres stock traded up $0.99 during midday trading on Thursday, reaching $21.04. The stock had a trading volume of 10,192 shares, compared to its average volume of 1,054,439. Caleres Inc has a 12 month low of $14.30 and a 12 month high of $38.22. The company has a market capitalization of $858.42 million, a P/E ratio of 9.60 and a beta of 0.90. The company has a fifty day moving average price of $17.04 and a two-hundred day moving average price of $22.26. The company has a current ratio of 0.97, a quick ratio of 0.26 and a debt-to-equity ratio of 1.36.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Monday, August 26th. The textile maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $752.49 million during the quarter, compared to analyst estimates of $752.23 million. Caleres had a positive return on equity of 13.75% and a negative net margin of 0.41%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. On average, equities research analysts predict that Caleres Inc will post 2.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, September 11th. Caleres’s dividend payout ratio is currently 12.67%.

A number of research analysts have recently issued reports on the company. ValuEngine downgraded Caleres from a “sell” rating to a “strong sell” rating in a research note on Monday, May 20th. Zacks Investment Research raised Caleres from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, August 28th. Finally, Susquehanna Bancshares set a $20.00 price objective on Caleres and gave the company a “buy” rating in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $28.60.

Caleres Company Profile

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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