nVerses Capital LLC Has $89,000 Stock Holdings in Caleres, Inc. (NYSE:CAL)

nVerses Capital LLC grew its holdings in Caleres, Inc. (NYSE:CAL) by 125.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,700 shares of the textile maker’s stock after purchasing an additional 1,500 shares during the quarter. nVerses Capital LLC’s holdings in Caleres were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capstone Investment Advisors LLC acquired a new position in shares of Caleres in the 1st quarter valued at about $1,641,000. LSV Asset Management raised its stake in Caleres by 792.6% during the 1st quarter. LSV Asset Management now owns 67,100 shares of the textile maker’s stock worth $2,753,000 after buying an additional 59,583 shares during the period. Foundry Partners LLC acquired a new position in Caleres during the 2nd quarter worth approximately $500,000. Caxton Associates LP acquired a new position in Caleres during the 1st quarter worth approximately $1,153,000. Finally, Great Lakes Advisors LLC raised its stake in Caleres by 69.6% during the 2nd quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock worth $6,513,000 after buying an additional 79,581 shares during the period. 98.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CAL shares. Loop Capital dropped their price target on Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. StockNews.com downgraded Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd.

Caleres Stock Down 2.4 %

Shares of Caleres stock opened at $33.11 on Monday. The company has a market cap of $1.16 billion, a PE ratio of 7.01 and a beta of 1.91. The business has a 50 day moving average price of $36.23 and a 200-day moving average price of $35.73. Caleres, Inc. has a 52 week low of $24.71 and a 52 week high of $44.51.

Caleres (NYSE:CAL) last released its earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.37). The business had revenue of $683.30 million during the quarter, compared to the consensus estimate of $723.80 million. Caleres had a net margin of 5.84% and a return on equity of 24.63%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. As a group, research analysts anticipate that Caleres, Inc. will post 4.04 EPS for the current year.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, September 13th. Caleres’s dividend payout ratio is presently 5.93%.

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.