LaSalle Street Capital Management LLC purchased a new stake in shares of Caleres Inc (NYSE:CAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,666 shares of the textile maker’s stock, valued at approximately $203,000.
Several other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. raised its stake in shares of Caleres by 5.7% during the second quarter. Macquarie Group Ltd. now owns 1,507,918 shares of the textile maker’s stock valued at $30,038,000 after acquiring an additional 81,681 shares in the last quarter. Paradigm Capital Management Inc. NY raised its stake in Caleres by 5.4% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,164,550 shares of the textile maker’s stock worth $23,198,000 after buying an additional 59,900 shares in the last quarter. Schroder Investment Management Group raised its stake in Caleres by 27.9% in the second quarter. Schroder Investment Management Group now owns 801,905 shares of the textile maker’s stock worth $15,974,000 after buying an additional 175,003 shares in the last quarter. Morgan Stanley raised its stake in Caleres by 20.8% in the second quarter. Morgan Stanley now owns 687,794 shares of the textile maker’s stock worth $13,702,000 after buying an additional 118,550 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Caleres by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 652,653 shares of the textile maker’s stock worth $13,002,000 after buying an additional 29,439 shares in the last quarter. 95.40% of the stock is owned by hedge funds and other institutional investors.
Shares of CAL traded up $0.11 during trading hours on Monday, reaching $22.54. 208,801 shares of the company traded hands, compared to its average volume of 686,234. The stock has a market capitalization of $913.35 million, a P/E ratio of 10.20 and a beta of 0.90. The company has a quick ratio of 0.24, a current ratio of 0.97 and a debt-to-equity ratio of 1.36. Caleres Inc has a 12-month low of $14.30 and a 12-month high of $37.82. The business has a fifty day moving average price of $22.10 and a 200-day moving average price of $20.93.
Caleres (NYSE:CAL) last announced its quarterly earnings data on Monday, August 26th. The textile maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $752.49 million for the quarter, compared to analyst estimates of $752.23 million. Caleres had a negative net margin of 0.41% and a positive return on equity of 13.75%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. As a group, research analysts predict that Caleres Inc will post 2.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, September 11th. Caleres’s dividend payout ratio (DPR) is presently 12.67%.
A number of equities analysts recently commented on the stock. Susquehanna Bancshares set a $20.00 price objective on shares of Caleres and gave the stock a “buy” rating in a research note on Monday, August 26th. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective on shares of Caleres in a research note on Thursday, October 3rd. ValuEngine raised shares of Caleres from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, August 28th. Finally, Loop Capital lifted their price target on shares of Caleres to $30.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $27.50.
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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