Caleres, Inc. (CAL) Position Raised by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Caleres, Inc. (NYSE:CAL) by 175.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,356 shares of the textile maker’s stock after purchasing an additional 27,006 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.10% of Caleres worth $1,292,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Pacad Investment Ltd. bought a new position in Caleres in the 2nd quarter valued at $142,000. YorkBridge Wealth Partners LLC bought a new position in Caleres in the 3rd quarter valued at $183,000. LaSalle Street Capital Management LLC bought a new position in Caleres in the 2nd quarter valued at $201,000. Verition Fund Management LLC bought a new position in Caleres in the 2nd quarter valued at $229,000. Finally, State of Alaska Department of Revenue boosted its position in Caleres by 78.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,495 shares of the textile maker’s stock valued at $235,000 after buying an additional 3,735 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Douglas Koch sold 33,400 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 103,837 shares in the company, valued at approximately $3,118,225.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diane M. Sullivan sold 26,100 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $32.57, for a total value of $850,077.00. The disclosure for this sale can be found here. 6.20% of the stock is owned by company insiders.
Caleres, Inc. (NYSE:CAL) traded down $0.16 during trading hours on Friday, hitting $32.64. The stock had a trading volume of 619,300 shares, compared to its average volume of 343,169. Caleres, Inc. has a 1-year low of $22.39 and a 1-year high of $36.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49. The company has a market cap of $1,328.07, a price-to-earnings ratio of 15.38, a P/E/G ratio of 1.31 and a beta of 1.04.
Caleres (NYSE:CAL) last posted its quarterly earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). Caleres had a return on equity of 13.59% and a net margin of 2.21%. The company had revenue of $774.66 million during the quarter, compared to the consensus estimate of $785.75 million. During the same quarter in the prior year, the business earned $0.81 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. sell-side analysts predict that Caleres, Inc. will post 2.15 earnings per share for the current year.
A number of research analysts have commented on CAL shares. Zacks Investment Research upgraded Caleres from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, August 31st. Susquehanna Bancshares reiterated a “buy” rating and issued a $31.00 price objective on shares of Caleres in a research report on Tuesday, August 29th. Finally, BidaskClub upgraded Caleres from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $33.17.
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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