Caleres, Inc. (NYSE:CAL) Stake Increased by Texas Permanent School Fund

Texas Permanent School Fund grew its holdings in Caleres, Inc. (NYSE:CALGet Rating) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,458 shares of the textile maker’s stock after purchasing an additional 454 shares during the period. Texas Permanent School Fund’s holdings in Caleres were worth $720,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Caleres by 0.6% in the first quarter. BlackRock Inc. now owns 5,968,696 shares of the textile maker’s stock valued at $115,374,000 after purchasing an additional 36,096 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Caleres by 4.7% in the first quarter. Vanguard Group Inc. now owns 3,840,810 shares of the textile maker’s stock valued at $74,243,000 after purchasing an additional 171,567 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Caleres by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,734,821 shares of the textile maker’s stock valued at $33,535,000 after purchasing an additional 33,793 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in shares of Caleres by 28.1% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,077,600 shares of the textile maker’s stock valued at $20,830,000 after purchasing an additional 236,500 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Caleres in the first quarter valued at $15,766,000. Hedge funds and other institutional investors own 86.70% of the company’s stock.

Wall Street Analyst Weigh In

CAL has been the subject of a number of research analyst reports. Piper Sandler began coverage on Caleres in a report on Tuesday, October 25th. They issued a “neutral” rating and a $28.00 target price for the company. TheStreet lowered Caleres from a “b-” rating to a “c” rating in a report on Friday, August 26th. CL King cut their price objective on Caleres from $37.00 to $35.00 in a report on Thursday. Finally, StockNews.com began coverage on Caleres in a report on Wednesday, October 12th. They set a “buy” rating for the company.

Insiders Place Their Bets

In other Caleres news, CEO Diane M. Sullivan sold 6,500 shares of the stock in a transaction on Monday, October 31st. The shares were sold at an average price of $27.52, for a total transaction of $178,880.00. Following the transaction, the chief executive officer now directly owns 208,736 shares of the company’s stock, valued at $5,744,414.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Diane M. Sullivan sold 2,440 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $26.32, for a total value of $64,220.80. Following the sale, the chief executive officer now directly owns 180,236 shares of the company’s stock, valued at $4,743,811.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Diane M. Sullivan sold 6,500 shares of the firm’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $27.52, for a total value of $178,880.00. Following the completion of the sale, the chief executive officer now directly owns 208,736 shares in the company, valued at $5,744,414.72. The disclosure for this sale can be found here. Insiders have sold 25,520 shares of company stock valued at $692,710 over the last three months. 4.90% of the stock is currently owned by insiders.

Caleres Trading Up 4.0 %

Shares of NYSE:CAL opened at $27.62 on Monday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 5.39 and a beta of 1.76. Caleres, Inc. has a 1 year low of $17.82 and a 1 year high of $31.13. The business has a fifty day simple moving average of $25.82 and a 200 day simple moving average of $26.38.

Caleres (NYSE:CALGet Rating) last posted its earnings results on Tuesday, August 23rd. The textile maker reported $1.38 EPS for the quarter, topping the consensus estimate of $1.32 by $0.06. The firm had revenue of $738.33 million for the quarter, compared to the consensus estimate of $736.05 million. Caleres had a net margin of 6.65% and a return on equity of 57.75%. During the same period in the prior year, the business posted $1.19 earnings per share. On average, sell-side analysts forecast that Caleres, Inc. will post 4.28 EPS for the current year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, September 8th. Caleres’s payout ratio is 5.47%.

Caleres Profile

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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.

Featured Stories

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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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