Assetmark Inc. Buys 573 Shares of Caleres, Inc. (NYSE:CAL)

Assetmark Inc. raised its stake in shares of Caleres, Inc. (NYSE:CALGet Rating) by 35.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,183 shares of the textile maker’s stock after purchasing an additional 573 shares during the period. Assetmark Inc.’s holdings in Caleres were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in shares of Caleres by 372.3% in the 3rd quarter. SG Americas Securities LLC now owns 48,837 shares of the textile maker’s stock valued at $1,183,000 after acquiring an additional 38,496 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Caleres in the 3rd quarter valued at about $519,000. Strs Ohio lifted its holdings in shares of Caleres by 9.2% in the 3rd quarter. Strs Ohio now owns 29,800 shares of the textile maker’s stock valued at $721,000 after acquiring an additional 2,500 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Caleres by 659.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 87,976 shares of the textile maker’s stock valued at $2,131,000 after acquiring an additional 76,390 shares during the last quarter. Finally, Versor Investments LP bought a new position in shares of Caleres in the 3rd quarter valued at about $282,000. Institutional investors own 87.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CAL. StockNews.com downgraded shares of Caleres from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. CL King decreased their price objective on shares of Caleres from $37.00 to $35.00 in a research note on Thursday, November 17th. Finally, Piper Sandler decreased their price objective on shares of Caleres from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, January 12th.

Caleres Price Performance

Shares of NYSE CAL opened at $23.07 on Monday. The company has a market cap of $821.66 million, a P/E ratio of 4.95 and a beta of 1.68. Caleres, Inc. has a 1 year low of $17.82 and a 1 year high of $31.13. The firm has a 50-day simple moving average of $23.05 and a two-hundred day simple moving average of $25.16.

Caleres (NYSE:CALGet Rating) last issued its 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 business had revenue of $798.26 million for 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%. As a group, equities research analysts expect that Caleres, Inc. will post 4.37 EPS for the current year.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Thursday, December 22nd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, December 21st. Caleres’s dividend payout ratio (DPR) is presently 6.01%.

Insider Transactions at Caleres

In other news, CEO Diane M. Sullivan sold 2,440 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $26.32, for a total transaction of $64,220.80. Following the transaction, the chief executive officer now directly owns 180,236 shares of the company’s stock, valued at $4,743,811.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Diane M. Sullivan sold 3,300 shares of Caleres stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $27.26, for a total transaction of $89,958.00. Following the transaction, the chief executive officer now directly owns 176,936 shares of the company’s stock, valued at $4,823,275.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Diane M. Sullivan sold 2,440 shares of Caleres stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $26.32, for a total transaction of $64,220.80. Following the transaction, the chief executive officer now directly owns 180,236 shares in the company, valued at $4,743,811.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,520 shares of company stock valued at $692,710. 4.90% of the stock is currently owned by company insiders.

About Caleres

(Get Rating)

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.

Recommended Stories

Institutional Ownership by Quarter for Caleres (NYSE:CAL)

Receive News & Ratings for Caleres Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres and related companies with MarketBeat.com's FREE daily email newsletter.