United Services Automobile Association acquired a new position in shares of Caleres, Inc. (NYSE:CAL) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,080 shares of the textile maker’s stock, valued at approximately $425,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in Caleres by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the textile maker’s stock worth $125,000 after buying an additional 60 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Caleres during the fourth quarter valued at $228,000. Quantbot Technologies LP purchased a new stake in shares of Caleres during the first quarter valued at $209,000. Karp Capital Management Corp bought a new stake in Caleres during the first quarter worth approximately $225,000. Finally, Mason Street Advisors LLC increased its stake in Caleres by 5.9% in the first quarter. Mason Street Advisors LLC now owns 10,042 shares of the textile maker’s stock worth $265,000 after buying an additional 559 shares during the period. 84.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Caleres, Inc. (NYSE CAL) traded down 0.65% on Friday, reaching $27.60. 866,178 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $27.01 and a 200 day moving average of $28.17. The firm has a market capitalization of $1.19 billion, a P/E ratio of 18.92 and a beta of 1.08. Caleres, Inc. has a one year low of $23.12 and a one year high of $36.61.
Caleres (NYSE:CAL) last released its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $631.50 million during the quarter, compared to the consensus estimate of $621.31 million. Caleres had a net margin of 2.39% and a return on equity of 13.80%. Caleres’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, equities research analysts predict that Caleres, Inc. will post $2.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Monday, June 19th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.01%. Caleres’s payout ratio is 19.18%.
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A number of research analysts recently weighed in on the stock. BidaskClub cut shares of Caleres from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet downgraded shares of Caleres from a “b” rating to a “c+” rating in a report on Friday, April 7th. Jefferies Group LLC set a $27.00 price target on shares of Caleres and gave the company a “hold” rating in a report on Monday, April 3rd. UBS AG upgraded shares of Caleres from a “neutral” rating to a “positive” rating in a research note on Tuesday, May 30th. Finally, Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Caleres presently has an average rating of “Buy” and an average price target of $31.40.
Caleres Company Profile
Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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