Nisa Investment Advisors LLC Cuts Stake in Caleres, Inc. (NYSE:CAL)

Nisa Investment Advisors LLC reduced its stake in Caleres, Inc. (NYSE:CAL) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,240 shares of the textile maker’s stock after selling 750 shares during the quarter. Nisa Investment Advisors LLC owned 0.06% of Caleres worth $622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. boosted its holdings in shares of Caleres by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,560 shares of the textile maker’s stock worth $160,000 after buying an additional 423 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Caleres by 2.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,535 shares of the textile maker’s stock worth $510,000 after buying an additional 538 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Caleres by 5.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 12,318 shares of the textile maker’s stock worth $294,000 after buying an additional 644 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Caleres by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 37,977 shares of the textile maker’s stock worth $920,000 after buying an additional 673 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Caleres by 0.9% in the 3rd quarter. Swiss National Bank now owns 75,800 shares of the textile maker’s stock worth $2,180,000 after buying an additional 700 shares during the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Caleres Stock Up 0.2 %

NYSE CAL opened at $35.12 on Wednesday. The company has a market cap of $1.23 billion, a PE ratio of 7.30 and a beta of 1.99. Caleres, Inc. has a 52 week low of $16.85 and a 52 week high of $41.94. The firm’s 50-day simple moving average is $37.64 and its two-hundred day simple moving average is $31.98.

Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, March 19th. The textile maker reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The business had revenue of $697.10 million for the quarter, compared to the consensus estimate of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. During the same period in the prior year, the firm earned $0.65 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Caleres, Inc. will post 4.43 EPS for the current year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, March 27th. Caleres’s dividend payout ratio is presently 5.82%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. KeyCorp assumed coverage on shares of Caleres in a report on Wednesday, February 7th. They issued a “sector weight” rating on the stock. Loop Capital upped their price objective on shares of Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Piper Sandler upped their price objective on shares of Caleres from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Insider Activity

In other news, insider Daniel R. Freidman sold 15,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $37.00, for a total transaction of $555,000.00. Following the sale, the insider now directly owns 64,167 shares in the company, valued at $2,374,179. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO John W. Schmidt sold 12,668 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $33.29, for a total transaction of $421,717.72. Following the sale, the chief executive officer now directly owns 360,995 shares in the company, valued at $12,017,523.55. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel R. Freidman sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $37.00, for a total transaction of $555,000.00. Following the completion of the transaction, the insider now owns 64,167 shares in the company, valued at $2,374,179. The disclosure for this sale can be found here. Insiders have sold a total of 71,373 shares of company stock worth $2,710,796 over the last ninety days. Company insiders own 4.90% of the company’s stock.

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.