Steward Partners Investment Advisory LLC lowered its stake in shares of Caleres, Inc. (NYSE:CAL – Get Rating) by 17.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,348 shares of the textile maker’s stock after selling 2,118 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Caleres were worth $200,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of CAL. Hillsdale Investment Management Inc. lifted its stake in shares of Caleres by 5.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 244,800 shares of the textile maker’s stock worth $4,733,000 after purchasing an additional 13,200 shares during the period. Bailard Inc. bought a new position in shares of Caleres in the 1st quarter worth approximately $259,000. Assenagon Asset Management S.A. bought a new position in shares of Caleres in the 1st quarter worth approximately $2,141,000. Claris Advisors LLC MO lifted its stake in shares of Caleres by 7.6% in the 1st quarter. Claris Advisors LLC MO now owns 12,762 shares of the textile maker’s stock worth $247,000 after purchasing an additional 903 shares during the period. Finally, Strs Ohio lifted its stake in shares of Caleres by 3.6% in the 1st quarter. Strs Ohio now owns 40,100 shares of the textile maker’s stock worth $775,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 81.45% of the company’s stock.
Insider Activity at Caleres
In other Caleres news, Director Carla C. Hendra sold 13,208 shares of Caleres stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $28.16, for a total transaction of $371,937.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Carla C. Hendra sold 13,208 shares of Caleres stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $28.16, for a total value of $371,937.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Diane M. Sullivan sold 35,915 shares of Caleres stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $25.18, for a total value of $904,339.70. Following the completion of the sale, the chief executive officer now owns 621,446 shares of the company’s stock, valued at $15,648,010.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,038 shares of company stock valued at $2,415,339. 4.90% of the stock is owned by corporate insiders.
Caleres Price Performance
Caleres (NYSE:CAL – Get Rating) last announced its quarterly earnings data on Tuesday, May 24th. The textile maker reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.50. Caleres had a net margin of 6.31% and a return on equity of 62.60%. The business had revenue of $735.12 million during the quarter, compared to analyst estimates of $677.28 million. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts anticipate that Caleres, Inc. will post 4.32 earnings per share for the current year.
Caleres Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Friday, June 10th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, June 9th. Caleres’s dividend payout ratio (DPR) is presently 5.94%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on CAL shares. Telsey Advisory Group raised their target price on shares of Caleres to $32.00 in a research note on Wednesday, May 25th. TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a research note on Tuesday, May 24th. Seaport Res Ptn restated a “buy” rating on shares of Caleres in a research note on Friday, June 24th. Finally, StockNews.com cut shares of Caleres from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 7th.
Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children.
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