Pacer Advisors Inc. Grows Stock Holdings in Caleres, Inc. (NYSE:CAL)

Pacer Advisors Inc. grew its holdings in Caleres, Inc. (NYSE:CALFree Report) by 87.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,433,509 shares of the textile maker’s stock after purchasing an additional 667,195 shares during the quarter. Pacer Advisors Inc.’s holdings in Caleres were worth $44,052,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Riverwater Partners LLC purchased a new position in Caleres in the 4th quarter worth approximately $211,000. American Century Companies Inc. increased its holdings in shares of Caleres by 55.6% during the 3rd quarter. American Century Companies Inc. now owns 382,557 shares of the textile maker’s stock worth $11,002,000 after buying an additional 136,705 shares during the last quarter. Comerica Bank acquired a new stake in shares of Caleres during the 3rd quarter worth approximately $460,000. Teza Capital Management LLC increased its holdings in shares of Caleres by 42.2% during the 3rd quarter. Teza Capital Management LLC now owns 11,918 shares of the textile maker’s stock worth $343,000 after buying an additional 3,536 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Caleres during the 3rd quarter worth approximately $1,752,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Caleres

In related news, CEO John W. Schmidt sold 25,332 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $38.71, for a total value of $980,601.72. Following the completion of the sale, the chief executive officer now directly owns 335,663 shares of the company’s stock, valued at $12,993,514.73. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO John W. Schmidt sold 12,668 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $30.16, for a total value of $382,066.88. Following the completion of the sale, the chief executive officer now directly owns 373,663 shares of the company’s stock, valued at $11,269,676.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John W. Schmidt sold 25,332 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $38.71, for a total transaction of $980,601.72. Following the completion of the sale, the chief executive officer now directly owns 335,663 shares of the company’s stock, valued at $12,993,514.73. The disclosure for this sale can be found here. In the last three months, insiders sold 52,318 shares of company stock valued at $1,834,002. Insiders own 4.90% of the company’s stock.

Caleres Stock Down 1.8 %

NYSE:CAL opened at $39.72 on Tuesday. The company has a fifty day simple moving average of $35.52 and a two-hundred day simple moving average of $30.84. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 8.26 and a beta of 1.99. Caleres, Inc. has a 52 week low of $16.85 and a 52 week high of $41.94.

Caleres (NYSE:CALGet Free Report) last released its quarterly earnings data on Tuesday, March 19th. The textile maker reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. The business had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. On average, analysts expect that Caleres, Inc. will post 4.43 EPS for the current year.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 0.70%. Caleres’s dividend payout ratio (DPR) is currently 5.82%.

Analysts Set New Price Targets

Several research firms recently weighed in on CAL. KeyCorp began coverage on shares of Caleres in a report on Wednesday, February 7th. They issued a “sector weight” rating for the company. Loop Capital lifted their target price on shares of Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Piper Sandler boosted their price target on shares of Caleres from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Check Out Our Latest Stock Report on CAL

Caleres Company Profile

(Free Report)

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, Eastern Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products.

See Also

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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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