Caleres, Inc. (NYSE:CAL) Shares Acquired by Royce & Associates LP

by · The Cerbat Gem

Royce & Associates LP grew its position in Caleres, Inc. (NYSE:CAL – Free Report) by 13.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 631,810 shares of the textile maker’s stock after purchasing an additional 76,837 shares during the period. Royce & Associates LP owned approximately 1.79% of Caleres worth $20,881,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Foundry Partners LLC acquired a new stake in Caleres during the second quarter worth about $500,000. Caxton Associates LP acquired a new stake in Caleres during the first quarter worth about $1,153,000. Great Lakes Advisors LLC grew its holdings in Caleres by 69.6% during the second quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock worth $6,513,000 after acquiring an additional 79,581 shares during the period. Victory Capital Management Inc. grew its holdings in Caleres by 83.8% during the second quarter. Victory Capital Management Inc. now owns 61,959 shares of the textile maker’s stock worth $2,082,000 after acquiring an additional 28,250 shares during the period. Finally, Sei Investments Co. acquired a new stake in Caleres during the first quarter worth about $962,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on CAL shares. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Loop Capital lowered their price target on Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, September 13th.

Check Out Our Latest Stock Analysis on Caleres

Caleres Trading Up 0.4 %

Shares of CAL stock opened at $30.53 on Friday. The company has a market capitalization of $1.07 billion, a P/E ratio of 6.61 and a beta of 1.93. The business’s 50 day moving average is $32.06 and its two-hundred day moving average is $34.95. Caleres, Inc. has a 12-month low of $25.96 and a 12-month high of $44.51.

Caleres (NYSE:CAL – Get Free Report) last issued its quarterly earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.37). The business had revenue of $683.30 million for the quarter, compared to analysts’ expectations of $723.80 million. Caleres had a return on equity of 24.63% and a net margin of 5.84%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. On average, research analysts predict that Caleres, Inc. will post 4.04 earnings per share for the current fiscal year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.92%. Caleres’s dividend payout ratio (DPR) is presently 6.06%.

Caleres Company Profile

(Free Report)

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East 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. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.

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