Janney Montgomery Scott LLC Grows Position in Caleres, Inc. (NYSE:CAL)

Janney Montgomery Scott LLC increased its position in shares of Caleres, Inc. (NYSE:CAL) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,281 shares of the textile maker’s stock after purchasing an additional 1,676 shares during the period. Janney Montgomery Scott LLC owned approximately 0.22% of Caleres worth $2,587,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Caleres during the 2nd quarter valued at about $40,000. SG Americas Securities LLC bought a new stake in Caleres during the 1st quarter valued at about $117,000. Shell Asset Management Co. bought a new stake in Caleres during the 1st quarter valued at about $156,000. Mutual of America Capital Management LLC bought a new stake in Caleres during the 1st quarter valued at about $236,000. Finally, Creative Planning bought a new stake in shares of Caleres in the 3rd quarter valued at about $204,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

Caleres Trading Up 5.0 %

Shares of CAL opened at $31.28 on Tuesday. Caleres, Inc. has a 12-month low of $25.68 and a 12-month high of $44.51. The firm has a 50-day moving average price of $32.78 and a 200 day moving average price of $35.08. The firm has a market capitalization of $1.10 billion, a P/E ratio of 6.77 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 the consensus estimate of $1.22 by ($0.37). Caleres had a return on equity of 24.63% and a net margin of 5.84%. The company had revenue of $683.30 million for the quarter, compared to analysts’ expectations of $723.80 million. During the same period last year, the business earned $0.98 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts predict that Caleres, Inc. will post 4.04 earnings per share for the current fiscal year.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.28 dividend on an annualized basis and a yield of 0.90%. Caleres’s payout ratio is currently 6.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Loop Capital reduced 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 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.