WBI Investments Inc. bought a new stake in Caleres, Inc. (NYSE:CAL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,792 shares of the textile maker’s stock, valued at approximately $661,000. WBI Investments Inc. owned approximately 0.06% of Caleres as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Alps Advisors Inc. lifted its holdings in shares of Caleres by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,613 shares of the textile maker’s stock valued at $434,000 after purchasing an additional 41 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Caleres by 0.5% in the second quarter. US Bancorp DE now owns 10,274 shares of the textile maker’s stock valued at $285,000 after purchasing an additional 49 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Caleres by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 17,500 shares of the textile maker’s stock valued at $462,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Caleres by 0.4% in the second quarter. Arizona State Retirement System now owns 22,442 shares of the textile maker’s stock valued at $623,000 after purchasing an additional 100 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of Caleres by 1.1% in the second quarter. Texas Permanent School Fund now owns 31,422 shares of the textile maker’s stock valued at $873,000 after purchasing an additional 331 shares in the last quarter. Institutional investors own 86.31% of the company’s stock.

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A number of analysts recently commented on CAL shares. Zacks Investment Research downgraded Caleres from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. UBS AG raised Caleres from a “neutral” rating to a “positive” rating in a research report on Tuesday, May 30th. 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 research report on Tuesday, May 30th. BidaskClub raised Caleres from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, TheStreet raised Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Caleres has a consensus rating of “Buy” and an average target price of $31.40.

Caleres, Inc. (NYSE CAL) opened at 28.38 on Friday. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 20.14 and a beta of 1.06. The stock has a 50 day moving average price of $26.28 and a 200-day moving average price of $27.08. Caleres, Inc. has a 12-month low of $22.39 and a 12-month high of $36.61.

Caleres (NYSE:CAL) last announced its earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $677.00 million during the quarter, compared to analyst estimates of $668.85 million. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. Equities analysts predict that Caleres, Inc. will post $2.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.99%. Caleres’s dividend payout ratio (DPR) is 19.86%.

Caleres Company Profile

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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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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