Leuthold Group LLC Acquires New Holdings in Caleres, Inc. (NYSE:CAL)

Leuthold Group LLC bought a new stake in Caleres, Inc. (NYSE:CAL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 71,162 shares of the textile maker’s stock, valued at approximately $2,391,000. Leuthold Group LLC owned about 0.20% of Caleres as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Caleres by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 3,160,116 shares of the textile maker’s stock valued at $129,660,000 after purchasing an additional 26,214 shares in the last quarter. American Century Companies Inc. grew its holdings in Caleres by 25.6% during the second quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker’s stock valued at $30,302,000 after purchasing an additional 183,594 shares during the last quarter. Great Lakes Advisors LLC raised its position in shares of Caleres by 69.6% in the second quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock valued at $6,513,000 after purchasing an additional 79,581 shares during the period. Quantedge Capital Pte Ltd bought a new position in shares of Caleres in the fourth quarter valued at approximately $3,697,000. Finally, Empowered Funds LLC lifted its stake in shares of Caleres by 8.2% in the first quarter. Empowered Funds LLC now owns 118,182 shares of the textile maker’s stock worth $4,849,000 after buying an additional 8,925 shares during the last quarter. 98.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Caleres news, insider Diane M. Sullivan sold 17,068 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $35.45, for a total value of $605,060.60. Following the completion of the transaction, the insider now owns 150,449 shares of the company’s stock, valued at approximately $5,333,417.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Diane M. Sullivan sold 17,068 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $35.45, for a total transaction of $605,060.60. Following the sale, the insider now directly owns 150,449 shares in the company, valued at $5,333,417.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carla C. Hendra sold 5,349 shares of the company’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 disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Analyst Ratings Changes

CAL has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Caleres from a “hold” rating to a “buy” rating in a research note on Thursday. Loop Capital decreased their price target on shares of Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, September 13th.

Caleres Stock Up 1.7 %

Shares of CAL stock opened at $33.51 on Friday. Caleres, Inc. has a 12 month low of $24.71 and a 12 month high of $44.51. The firm has a market cap of $1.18 billion, a PE ratio of 7.10 and a beta of 1.93. The stock has a 50 day moving average of $37.50 and a 200-day moving average of $36.72.

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

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, September 13th. Caleres’s dividend payout ratio (DPR) is presently 5.93%.

Caleres Profile

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.