New York State Teachers Retirement System Has $464,000 Holdings in Caleres, Inc. $CAL

New York State Teachers Retirement System reduced its holdings in Caleres, Inc. (NYSE:CAL) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,988 shares of the textile maker’s stock after selling 1,400 shares during the quarter. New York State Teachers Retirement System’s holdings in Caleres were worth $464,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CAL. Parallel Advisors LLC boosted its holdings in shares of Caleres by 1,485.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,059 shares of the textile maker’s stock worth $50,000 after acquiring an additional 3,803 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 915 shares in the last quarter. Golden State Wealth Management LLC raised its position in Caleres by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 5,097 shares of the textile maker’s stock worth $88,000 after purchasing an additional 2,548 shares during 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 purchasing an additional 1,359 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in Caleres in the 2nd quarter worth approximately $124,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAL has been the subject of several research analyst reports. Zacks Research cut shares of Caleres from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Caleres in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell” and an average price target of $14.00.

Caleres Stock Performance

Shares of Caleres stock opened at $12.25 on Thursday. The firm has a fifty day moving average of $14.21 and a two-hundred day moving average of $14.50. The stock has a market capitalization of $414.47 million, a price-to-earnings ratio of 7.00 and a beta of 1.15. Caleres, Inc. has a 52 week low of $11.84 and a 52 week high of $33.24.

Caleres (NYSE:CAL) last issued its earnings results on Thursday, September 4th. The textile maker reported $0.35 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.16). The business had revenue of $658.52 million for the quarter, compared to the consensus estimate of $656.93 million. Caleres had a net margin of 2.26% and a return on equity of 11.91%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. As a group, research analysts forecast that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.07 per share. The ex-dividend date was Friday, September 12th. This represents a $0.28 annualized dividend and a dividend yield of 2.3%. Caleres’s payout ratio is presently 16.00%.

Caleres Company Profile

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.