Caleres, Inc. (CAL) Shares Sold by Credit Suisse AG
Credit Suisse AG cut its position in shares of Caleres, Inc. (NYSE:CAL) by 39.5% during the first quarter, Holdings Channel reports. The firm owned 60,874 shares of the textile maker’s stock after selling 39,689 shares during the period. Credit Suisse AG’s holdings in Caleres were worth $1,608,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in CAL. State of Alaska Department of Revenue increased its position in shares of Caleres by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the textile maker’s stock worth $125,000 after buying an additional 60 shares during the period. Quantbot Technologies LP acquired a new position in shares of Caleres during the first quarter worth about $209,000. Karp Capital Management Corp acquired a new position in shares of Caleres during the first quarter worth about $225,000. Quadrature Capital Ltd acquired a new position in shares of Caleres during the fourth quarter worth about $228,000. Finally, Mason Street Advisors LLC increased its position in shares of Caleres by 5.9% in the first quarter. Mason Street Advisors LLC now owns 10,042 shares of the textile maker’s stock worth $265,000 after buying an additional 559 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.
Shares of Caleres, Inc. (CAL) traded up 2.14% during midday trading on Friday, reaching $25.78. The company’s stock had a trading volume of 235,251 shares. The company’s 50-day moving average price is $26.91 and its 200 day moving average price is $27.82. Caleres, Inc. has a 1-year low of $23.12 and a 1-year high of $36.61. The firm has a market capitalization of $1.11 billion, a PE ratio of 17.67 and a beta of 1.07.
Caleres (NYSE:CAL) last issued its earnings results on Thursday, May 25th. The textile maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $631.50 million during the quarter, compared to analyst estimates of $621.31 million. Caleres had a return on equity of 13.80% and a net margin of 2.39%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. On average, equities research analysts forecast that Caleres, Inc. will post $2.18 earnings per share for the current year.
A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded Caleres from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. Susquehanna Bancshares Inc raised Caleres from a “neutral” rating to a “positive” rating and set a $31.00 price target for the company in a report on Tuesday, May 30th. BidaskClub raised Caleres from a “sell” rating to a “hold” rating in a report on Friday, August 4th. TheStreet raised Caleres from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. Finally, UBS AG raised Caleres from a “neutral” rating to a “positive” rating in a report on Tuesday, May 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $31.40.
Caleres, 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. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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