Victory Capital Management Inc. lowered its stake in shares of Caleres Inc (NYSE:CAL) by 6.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,288,162 shares of the textile maker’s stock after selling 83,701 shares during the period. Victory Capital Management Inc. owned about 2.98% of Caleres worth $46,193,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in CAL. Itau Unibanco Holding S.A. purchased a new stake in shares of Caleres during the second quarter worth about $142,000. Rehmann Capital Advisory Group grew its stake in Caleres by 16,000.0% during the 2nd quarter. Rehmann Capital Advisory Group now owns 4,830 shares of the textile maker’s stock valued at $166,000 after acquiring an additional 4,800 shares in the last quarter. AMP Capital Investors Ltd purchased a new stake in Caleres during the 2nd quarter valued at about $299,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Caleres during the 2nd quarter valued at about $314,000. Finally, Wedge Capital Management L L P NC grew its stake in Caleres by 26.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 9,810 shares of the textile maker’s stock valued at $352,000 after acquiring an additional 2,024 shares in the last quarter. 90.33% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE CAL opened at $36.38 on Friday. Caleres Inc has a 12-month low of $27.10 and a 12-month high of $41.09. The stock has a market cap of $1.59 billion, a P/E ratio of 16.84 and a beta of 0.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 0.53.
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 consensus estimate of $0.60 by ($0.01). Caleres had a net margin of 3.39% and a return on equity of 13.94%. The business had revenue of $706.61 million for the quarter, compared to analysts’ expectations of $709.15 million. During the same period in the prior year, the company posted $0.48 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that Caleres Inc will post 2.5 earnings per share for the current year.
Several brokerages recently issued reports on CAL. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Friday, August 31st. Macquarie upped their price objective on shares of Caleres from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, September 5th. Loop Capital set a $37.00 price objective on shares of Caleres and gave the company a “hold” rating in a research note on Tuesday, September 4th. Finally, Wedbush upped their price objective on shares of Caleres from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, August 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $39.50.
In other Caleres news, CEO Diane M. Sullivan sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $37.33, for a total value of $373,300.00. Following the transaction, the chief executive officer now directly owns 465,303 shares in the company, valued at approximately $17,369,760.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diane M. Sullivan sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $38.28, for a total transaction of $765,600.00. Following the completion of the transaction, the chief executive officer now owns 473,534 shares in the company, valued at $18,126,881.52. The disclosure for this sale can be found here. Insiders sold a total of 40,000 shares of company stock worth $1,518,900 over the last quarter. 5.60% of the stock is currently owned by company insiders.
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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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