Caleres, Inc. (NYSE:CAL) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its holdings in shares of Caleres, Inc. (NYSE:CAL) by 2.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,000 shares of the textile maker’s stock after acquiring an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Caleres were worth $562,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Foundry Partners LLC purchased a new position in Caleres in the 2nd quarter valued at about $500,000. LSV Asset Management lifted its stake in Caleres by 792.6% in the 1st quarter. LSV Asset Management now owns 67,100 shares of the textile maker’s stock worth $2,753,000 after purchasing an additional 59,583 shares in the last quarter. Caxton Associates LP purchased a new position in Caleres in the 1st quarter worth approximately $1,153,000. Great Lakes Advisors LLC lifted its stake in Caleres by 69.6% in the 2nd 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 in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Caleres by 83.8% in the 2nd quarter. Victory Capital Management Inc. now owns 61,959 shares of the textile maker’s stock worth $2,082,000 after purchasing an additional 28,250 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on CAL. StockNews.com lowered shares of Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Loop Capital cut 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 Price Performance

Shares of NYSE CAL opened at $29.17 on Wednesday. The company has a 50 day simple moving average of $33.52 and a 200-day simple moving average of $35.22. The company has a market capitalization of $1.03 billion, a P/E ratio of 6.31 and a beta of 1.93. Caleres, Inc. has a 1 year low of $25.62 and a 1 year high of $44.51.

Caleres (NYSE:CAL) last announced its quarterly 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 24.63% and a net margin of 5.84%. The firm had revenue of $683.30 million for the quarter, compared to analyst estimates of $723.80 million. During the same quarter in the prior year, the business earned $0.98 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts expect that Caleres, Inc. will post 4.04 EPS for the current year.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.28 annualized dividend and a yield of 0.96%. Caleres’s dividend payout ratio (DPR) is presently 6.06%.

Caleres Company 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.