Dimensional Fund Advisors LP increased its position in shares of Caleres Inc. (NYSE:CAL) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,845,467 shares of the company’s stock after buying an additional 123,786 shares during the period. Dimensional Fund Advisors LP owned 6.56% of Caleres worth $68,888,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of CAL. BlackRock Group LTD raised its stake in shares of Caleres by 15.0% in the first quarter. BlackRock Group LTD now owns 46,147 shares of the company’s stock worth $1,306,000 after buying an additional 6,024 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Caleres by 7.1% in the second quarter. Victory Capital Management Inc. now owns 2,279,385 shares of the company’s stock worth $55,184,000 after buying an additional 150,246 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Caleres by 1.2% in the first quarter. BlackRock Fund Advisors now owns 2,759,777 shares of the company’s stock worth $78,074,000 after buying an additional 33,471 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in shares of Caleres by 1.7% in the first quarter. Clark Capital Management Group Inc. now owns 20,966 shares of the company’s stock worth $593,000 after buying an additional 358 shares in the last quarter. Finally, Hancock Holding Co. raised its stake in shares of Caleres by 9.0% in the first quarter. Hancock Holding Co. now owns 26,660 shares of the company’s stock worth $754,000 after buying an additional 2,198 shares in the last quarter. 85.60% of the stock is owned by institutional investors and hedge funds.
Caleres Inc. (NYSE:CAL) traded up 0.56% during mid-day trading on Thursday, reaching $25.07. 46,436 shares of the company’s stock were exchanged. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 13.26 and a beta of 0.89. The stock has a 50-day moving average of $25.17 and a 200-day moving average of $25.25. Caleres Inc. has a 12 month low of $21.27 and a 12 month high of $32.01.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. Caleres had a return on equity of 13.87% and a net margin of 3.26%. The firm had revenue of $622.94 million for the quarter, compared to the consensus estimate of $638.71 million. During the same period last year, the company posted $0.50 EPS. The business’s revenue was down 2.3% on a year-over-year basis. Analysts anticipate that Caleres Inc. will post $0.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, September 15th. Caleres’s dividend payout ratio (DPR) is presently 14.66%.
A number of analysts recently weighed in on CAL shares. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Susquehanna started coverage on shares of Caleres in a report on Friday, September 16th. They issued a “neutral” rating and a $25.00 price target for the company. Morgan Stanley reissued a “hold” rating and issued a $30.00 price target on shares of Caleres in a report on Wednesday, September 7th. Finally, BB&T Corp. reissued a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of Caleres in a report on Saturday, June 11th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $27.67.
Caleres Company Profile
Caleres, Inc, formerly Brown Shoe Company, 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. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
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