Texas Permanent School Fund Corp Purchases 1,273 Shares of Caleres, Inc. (NYSE:CAL)

Texas Permanent School Fund Corp increased its position in Caleres, Inc. (NYSE:CAL) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,480 shares of the textile maker’s stock after purchasing an additional 1,273 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.09% of Caleres worth $1,024,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CAL. Quantedge Capital Pte Ltd acquired a new position in shares of Caleres in the 4th quarter valued at $3,697,000. Great Lakes Advisors LLC lifted its stake in Caleres by 69.6% during the second quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock worth $6,513,000 after purchasing an additional 79,581 shares during the period. LSV Asset Management boosted its holdings in Caleres by 792.6% during the first quarter. LSV Asset Management now owns 67,100 shares of the textile maker’s stock valued at $2,753,000 after purchasing an additional 59,583 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Caleres in the 2nd quarter worth approximately $1,754,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Caleres during the 1st quarter worth approximately $1,641,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Insider Activity at Caleres

In other Caleres news, Director Carla C. Hendra sold 5,349 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $33.07, for a total transaction of $176,891.43. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Diane M. Sullivan sold 17,068 shares of the firm’s stock in a transaction dated 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 owns 150,449 shares of the company’s stock, valued at approximately $5,333,417.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $33.07, for a total transaction of $176,891.43. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Thursday. Loop Capital dropped their target price on shares of Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, September 13th.

Caleres Price Performance

NYSE CAL opened at $33.48 on Friday. The stock’s 50 day simple moving average is $37.51 and its 200 day simple moving average is $36.68. Caleres, Inc. has a one year low of $24.71 and a one year high of $44.51. The firm has a market cap of $1.18 billion, a PE ratio of 7.09 and a beta of 1.93.

Caleres (NYSE:CAL) last announced its earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share 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 business had revenue of $683.30 million during the quarter, compared to analyst estimates of $723.80 million. During the same quarter last year, the business posted $0.98 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts expect that Caleres, Inc. will post 4.4 earnings per share for the current year.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.84%. Caleres’s dividend payout ratio (DPR) is currently 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.