Capital Fund Management S.A. Increases Stock Position in Caleres, Inc. $CAL

Capital Fund Management S.A. boosted its holdings in Caleres, Inc. (NYSE:CAL) by 346.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,657 shares of the textile maker’s stock after acquiring an additional 56,370 shares during the quarter. Capital Fund Management S.A.’s holdings in Caleres were worth $888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Parallel Advisors LLC raised its stake in shares of Caleres by 1,485.5% in the second quarter. Parallel Advisors LLC now owns 4,059 shares of the textile maker’s stock worth $50,000 after purchasing an additional 3,803 shares during the last quarter. GAMMA Investing LLC increased its holdings in Caleres by 15.3% in the 2nd quarter. GAMMA Investing LLC now owns 6,903 shares of the textile maker’s stock worth $84,000 after buying an additional 915 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Caleres by 33.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,424 shares of the textile maker’s stock worth $93,000 after buying an additional 1,359 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in Caleres during the 2nd quarter valued at about $124,000. Finally, US Bancorp DE boosted its holdings in shares of Caleres by 21.6% during the 1st quarter. US Bancorp DE now owns 8,775 shares of the textile maker’s stock valued at $151,000 after acquiring an additional 1,561 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

Analysts Set New Price Targets

CAL has been the subject of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Caleres in a report on Wednesday, October 8th. Zacks Research raised shares of Caleres from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $14.00.

Caleres Stock Performance

NYSE CAL opened at $13.37 on Friday. The business’s fifty day moving average is $12.02 and its 200 day moving average is $13.52. Caleres, Inc. has a fifty-two week low of $9.54 and a fifty-two week high of $28.27. The company has a market capitalization of $452.27 million, a PE ratio of 7.64 and a beta of 0.73.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.35 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.16). Caleres had a return on equity of 11.91% and a net margin of 2.26%.The company had revenue of $658.52 million during the quarter, compared to the consensus estimate of $656.93 million. During the same period last year, the business earned $0.98 EPS. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts forecast that Caleres, Inc. will post 3.23 EPS for the current year.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.