Choreo LLC Invests $606,000 in Caleres, Inc. (NYSE:CAL)

Choreo LLC acquired a new stake in Caleres, Inc. (NYSE:CAL) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,603 shares of the textile maker’s stock, valued at approximately $606,000. Choreo LLC owned 0.05% of Caleres as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its stake in shares of Caleres by 49.8% during the 4th quarter. Teacher Retirement System of Texas now owns 17,293 shares of the textile maker’s stock valued at $531,000 after buying an additional 5,751 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Caleres by 70.7% in the fourth quarter. BNP Paribas Financial Markets now owns 56,996 shares of the textile maker’s stock valued at $1,751,000 after purchasing an additional 23,606 shares in the last quarter. Assetmark Inc. raised its stake in shares of Caleres by 7.9% during the 4th quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock valued at $184,000 after purchasing an additional 440 shares during the period. Aigen Investment Management LP purchased a new stake in Caleres during the 4th quarter worth about $248,000. Finally, BlackDiamond Wealth Management LLC bought a new position in Caleres in the 4th quarter worth about $218,000. Institutional investors own 98.44% of the company’s stock.

Caleres Price Performance

Shares of NYSE:CAL opened at $31.80 on Friday. The company’s fifty day moving average price is $37.48 and its 200-day moving average price is $36.86. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 6.74 and a beta of 1.93. Caleres, Inc. has a one year low of $24.71 and a one year high of $44.51.

Caleres (NYSE:CAL) last released its earnings results on Thursday, September 12th. The textile maker reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.37). Caleres had a net margin of 5.97% and a return on equity of 27.32%. The firm had revenue of $683.30 million during the quarter, compared to the consensus estimate of $723.80 million. During the same period in the prior year, the company earned $0.98 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts expect that Caleres, Inc. will post 4.4 EPS for the current year.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.07 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.88%. Caleres’s payout ratio is 5.93%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CAL. Loop Capital decreased 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. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a research note on Wednesday.

Insider Activity

In other Caleres news, Director Carla C. Hendra sold 5,349 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $33.07, for a total value of $176,891.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Carla C. Hendra sold 5,349 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $33.07, for a total value of $176,891.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Diane M. Sullivan sold 17,068 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the transaction, the insider now directly owns 150,449 shares of the company’s stock, valued at approximately $5,333,417.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,181 shares of company stock valued at $1,447,208. Corporate insiders own 3.80% of the company’s stock.

About Caleres

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.