Strs Ohio Raises Stake in Caleres, Inc. (NYSE:CAL)

Strs Ohio boosted its holdings in shares of Caleres, Inc. (NYSE:CALGet Rating) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,800 shares of the textile maker’s stock after acquiring an additional 2,500 shares during the period. Strs Ohio owned 0.08% of Caleres worth $721,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in Caleres by 0.6% during the 1st quarter. BlackRock Inc. now owns 5,968,696 shares of the textile maker’s stock valued at $115,374,000 after acquiring an additional 36,096 shares during the period. Vanguard Group Inc. raised its holdings in Caleres by 4.7% in the first quarter. Vanguard Group Inc. now owns 3,840,810 shares of the textile maker’s stock worth $74,243,000 after buying an additional 171,567 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Caleres by 90.1% in the second quarter. Principal Financial Group Inc. now owns 2,691,977 shares of the textile maker’s stock worth $70,637,000 after buying an additional 1,275,759 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Caleres by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,734,821 shares of the textile maker’s stock worth $33,535,000 after buying an additional 33,793 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in Caleres by 2.2% in the first quarter. Neuberger Berman Group LLC now owns 798,318 shares of the textile maker’s stock worth $15,443,000 after buying an additional 17,061 shares during the last quarter. 87.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAL has been the subject of several recent analyst reports. Piper Sandler decreased their target price on shares of Caleres from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, January 12th. CL King reduced their price target on shares of Caleres from $37.00 to $35.00 in a research note on Thursday, November 17th. Finally, StockNews.com lowered shares of Caleres from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th.

Caleres Stock Up 3.1 %

Shares of CAL stock opened at $23.88 on Tuesday. The company has a 50 day moving average price of $23.35 and a 200-day moving average price of $25.26. Caleres, Inc. has a 52 week low of $17.82 and a 52 week high of $31.13. The firm has a market capitalization of $850.51 million, a PE ratio of 5.12 and a beta of 1.67.

Caleres (NYSE:CALGet Rating) last announced its quarterly earnings results on Tuesday, November 22nd. The textile maker reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $798.26 million during the quarter, compared to analyst estimates of $784.94 million. Caleres had a net margin of 5.92% and a return on equity of 48.52%. Analysts anticipate that Caleres, Inc. will post 4.37 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Thursday, December 22nd were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, December 21st. This represents a $0.28 annualized dividend and a yield of 1.17%. Caleres’s dividend payout ratio (DPR) is 6.01%.

Insider Activity at Caleres

In related news, CEO Diane M. Sullivan sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $27.52, for a total transaction of $178,880.00. Following the completion of the sale, the chief executive officer now directly owns 208,736 shares in the company, valued at $5,744,414.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Diane M. Sullivan sold 4,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $27.33, for a total transaction of $133,917.00. Following the completion of the sale, the chief executive officer now directly owns 196,236 shares in the company, valued at $5,363,129.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Diane M. Sullivan sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $27.52, for a total transaction of $178,880.00. Following the completion of the transaction, the chief executive officer now owns 208,736 shares of the company’s stock, valued at $5,744,414.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,520 shares of company stock worth $692,710. 4.90% of the stock is owned by company insiders.

About Caleres

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Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children.

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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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