AMP Capital Investors Ltd acquired a new position in Caleres Inc (NYSE:CAL) during the second quarter, according to its most recent filing with the SEC. The firm acquired 8,687 shares of the textile maker’s stock, valued at approximately $299,000.
Several other hedge funds have also modified their holdings of CAL. Segall Bryant & Hamill LLC bought a new stake in shares of Caleres during the second quarter valued at approximately $12,885,000. TD Asset Management Inc. bought a new stake in shares of Caleres during the second quarter valued at approximately $1,465,000. Schwab Charles Investment Management Inc. boosted its position in shares of Caleres by 6.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 464,900 shares of the textile maker’s stock valued at $15,988,000 after purchasing an additional 27,677 shares in the last quarter. WBI Investments Inc. bought a new stake in shares of Caleres during the second quarter valued at approximately $3,480,000. Finally, Prudential Financial Inc. boosted its position in shares of Caleres by 2.2% during the first quarter. Prudential Financial Inc. now owns 285,163 shares of the textile maker’s stock valued at $9,581,000 after purchasing an additional 6,070 shares in the last quarter. Hedge funds and other institutional investors own 89.95% of the company’s stock.
In other Caleres news, CEO Diane M. Sullivan sold 10,000 shares of Caleres stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $37.33, for a total transaction of $373,300.00. Following the completion of the transaction, the chief executive officer now owns 465,303 shares in the company, valued at $17,369,760.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Diane M. Sullivan sold 20,000 shares of Caleres stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $38.28, for a total value of $765,600.00. Following the transaction, the chief executive officer now owns 473,534 shares of the company’s stock, valued at approximately $18,126,881.52. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $1,518,900 in the last quarter. 5.60% of the stock is owned by company insiders.
Caleres (NYSE:CAL) last announced its quarterly earnings data on Tuesday, September 4th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). The company had revenue of $706.61 million for the quarter, compared to analysts’ expectations of $709.15 million. Caleres had a net margin of 3.39% and a return on equity of 13.94%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. research analysts anticipate that Caleres Inc will post 2.5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 17th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, September 14th. Caleres’s payout ratio is 12.96%.
Several equities research analysts recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Caleres in a research report on Thursday, June 28th. Loop Capital set a $37.00 price target on Caleres and gave the company a “hold” rating in a research report on Tuesday, September 4th. ValuEngine cut Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Wedbush lifted their price objective on Caleres from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, August 29th. Finally, Zacks Investment Research cut Caleres from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Caleres currently has an average rating of “Buy” and a consensus target price of $39.50.
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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