Caleres Inc (CAL) Position Cut by Strs Ohio

Strs Ohio reduced its holdings in shares of Caleres Inc (NYSE:CAL) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,600 shares of the textile maker’s stock after selling 3,400 shares during the period. Strs Ohio’s holdings in Caleres were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. UBS Group AG boosted its holdings in shares of Caleres by 1,272.1% in the first quarter. UBS Group AG now owns 74,148 shares of the textile maker’s stock valued at $2,491,000 after buying an additional 68,744 shares during the period. Millennium Management LLC boosted its holdings in shares of Caleres by 526.1% in the first quarter. Millennium Management LLC now owns 406,327 shares of the textile maker’s stock valued at $13,653,000 after buying an additional 341,428 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Caleres by 73.4% in the first quarter. Xact Kapitalforvaltning AB now owns 10,395 shares of the textile maker’s stock valued at $349,000 after buying an additional 4,400 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Caleres by 0.3% in the first quarter. Principal Financial Group Inc. now owns 1,113,643 shares of the textile maker’s stock valued at $37,418,000 after buying an additional 3,192 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Caleres in the second quarter valued at approximately $488,000. 90.11% of the stock is currently owned by institutional investors.

In related news, CEO Diane M. Sullivan sold 10,000 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $37.33, for a total transaction of $373,300.00. Following the completion of the transaction, the chief executive officer now owns 465,303 shares in the company, valued at $17,369,760.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diane M. Sullivan sold 20,000 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $38.28, for a total transaction of $765,600.00. Following the transaction, the chief executive officer now owns 473,534 shares of the company’s stock, valued at approximately $18,126,881.52. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $1,518,900 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on CAL shares. ValuEngine cut shares of Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research cut shares of Caleres from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Wedbush upped their price target on shares of Caleres from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, August 29th. Loop Capital set a $37.00 price target on shares of Caleres and gave the company a “hold” rating in a report on Tuesday, September 4th. Finally, Macquarie upped their price target on shares of Caleres from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, September 5th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $39.50.

Shares of CAL opened at $35.51 on Friday. Caleres Inc has a 12 month low of $26.54 and a 12 month high of $41.09. The firm has a market cap of $1.53 billion, a P/E ratio of 16.44 and a beta of 0.94. The company has a quick ratio of 0.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.27.

Caleres (NYSE:CAL) last announced its earnings results on Tuesday, September 4th. The textile maker reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). Caleres had a return on equity of 13.94% and a net margin of 3.39%. The business had revenue of $706.61 million for the quarter, compared to analyst estimates of $709.15 million. During the same quarter in the previous year, the company posted $0.48 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Caleres Inc will post 2.5 EPS for the current year.

Caleres Company Profile

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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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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