New York State Teachers Retirement System Grows Position in Caleres, Inc. (NYSE:CAL)

New York State Teachers Retirement System boosted its stake in shares of Caleres, Inc. (NYSE:CAL) by 5.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 50,634 shares of the textile maker’s stock after buying an additional 2,458 shares during the quarter. New York State Teachers Retirement System’s holdings in Caleres were worth $1,556,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its holdings in Caleres by 108,172.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 32,231,553 shares of the textile maker’s stock valued at $718,119,000 after acquiring an additional 32,201,784 shares during the period. Pacer Advisors Inc. raised its stake in Caleres by 87.1% during the 4th quarter. Pacer Advisors Inc. now owns 1,433,509 shares of the textile maker’s stock valued at $44,052,000 after purchasing an additional 667,195 shares during the period. Marshall Wace LLP lifted its holdings in Caleres by 1,043.1% in the 4th quarter. Marshall Wace LLP now owns 320,880 shares of the textile maker’s stock worth $7,149,000 after purchasing an additional 292,808 shares in the last quarter. Wellington Management Group LLP boosted its stake in Caleres by 162.9% in the 1st quarter. Wellington Management Group LLP now owns 361,770 shares of the textile maker’s stock worth $7,825,000 after purchasing an additional 224,170 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Caleres by 92.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 451,231 shares of the textile maker’s stock valued at $8,722,000 after buying an additional 217,055 shares in the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Caleres news, CEO John W. Schmidt sold 25,332 shares of Caleres stock in a transaction on Monday, March 4th. The shares were sold at an average price of $38.71, for a total value of $980,601.72. Following the completion of the transaction, the chief executive officer now directly owns 335,663 shares of the company’s stock, valued at approximately $12,993,514.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Caleres news, insider Daniel R. Freidman sold 15,000 shares of Caleres stock in a transaction on Monday, April 8th. The shares were sold at an average price of $37.00, for a total value of $555,000.00. Following the completion of the transaction, the insider now directly owns 64,167 shares of the company’s stock, valued at approximately $2,374,179. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Schmidt sold 25,332 shares of Caleres stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.71, for a total transaction of $980,601.72. Following the completion of the transaction, the chief executive officer now directly owns 335,663 shares of the company’s stock, valued at $12,993,514.73. The disclosure for this sale can be found here. Insiders sold 71,373 shares of company stock valued at $2,710,796 in the last three months. Corporate insiders own 4.90% of the company’s stock.

Caleres Stock Performance

CAL opened at $35.12 on Wednesday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 7.30 and a beta of 1.99. The company has a fifty day moving average of $37.64 and a 200 day moving average of $31.98. Caleres, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $41.94.

Caleres (NYSE:CAL) last posted its earnings results on Tuesday, March 19th. The textile maker reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. The company had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. Caleres’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $0.65 earnings per share. On average, equities research analysts forecast that Caleres, Inc. will post 4.43 earnings per share for the current year.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.80%. Caleres’s payout ratio is currently 5.82%.

Wall Street Analyst Weigh In

CAL has been the topic of several recent analyst reports. Loop Capital lifted their price objective on shares of Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Piper Sandler raised their target price on shares of Caleres from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Finally, KeyCorp started coverage on shares of Caleres in a research note on Wednesday, February 7th. They set a “sector weight” rating for the company. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

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.