LaSalle Street Capital Management LLC Buys 4,707 Shares of Caleres, Inc. (CAL)
LaSalle Street Capital Management LLC raised its stake in shares of Caleres, Inc. (NYSE:CAL) by 65.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 11,949 shares of the textile maker’s stock after buying an additional 4,707 shares during the period. LaSalle Street Capital Management LLC’s holdings in Caleres were worth $365,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its stake in shares of Caleres by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 15,613 shares of the textile maker’s stock valued at $434,000 after buying an additional 41 shares during the last quarter. US Bancorp DE raised its stake in shares of Caleres by 0.5% during the 2nd quarter. US Bancorp DE now owns 10,274 shares of the textile maker’s stock valued at $285,000 after buying an additional 49 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Caleres by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 22,442 shares of the textile maker’s stock valued at $623,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Caleres by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 31,422 shares of the textile maker’s stock valued at $873,000 after buying an additional 331 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Caleres by 0.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 81,921 shares of the textile maker’s stock valued at $2,164,000 after buying an additional 338 shares during the last quarter. Institutional investors and hedge funds own 88.34% of the company’s stock.
CAL has been the subject of a number of recent research reports. Zacks Investment Research lowered Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Susquehanna Bancshares Inc reiterated a “buy” rating and set a $31.00 price objective on shares of Caleres in a research note on Tuesday, August 29th. BidaskClub upgraded Caleres from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, TheStreet upgraded Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Caleres presently has a consensus rating of “Buy” and an average target price of $33.00.
Shares of Caleres, Inc. (NYSE:CAL) traded up $1.79 during trading on Friday, hitting $30.92. The company had a trading volume of 608,359 shares, compared to its average volume of 259,826. The company has a current ratio of 1.57, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31. Caleres, Inc. has a 1 year low of $22.39 and a 1 year high of $36.61. The stock has a market cap of $1,328.51, a price-to-earnings ratio of 15.31, a PEG ratio of 1.28 and a beta of 1.04.
Caleres (NYSE:CAL) last announced its quarterly earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Caleres had a return on equity of 13.80% and a net margin of 2.26%. The firm had revenue of $677.00 million during the quarter, compared to analyst estimates of $668.85 million. During the same quarter in the previous year, the business earned $0.46 EPS. Caleres’s revenue for the quarter was up 8.7% compared to the same quarter last year. sell-side analysts anticipate that Caleres, Inc. will post 2.18 earnings per share for the current fiscal year.
In related news, SVP Douglas Koch sold 33,400 shares of Caleres stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $30.03, for a total value of $1,003,002.00. Following the completion of the transaction, the senior vice president now owns 103,837 shares in the company, valued at approximately $3,118,225.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.20% of the stock is owned by insiders.
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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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