Louisiana State Employees Retirement System Takes Position in Caleres, Inc. (NYSE:CAL)

Louisiana State Employees Retirement System bought a new position in shares of Caleres, Inc. (NYSE:CAL) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 16,700 shares of the textile maker’s stock, valued at approximately $513,000.

Other hedge funds have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in Caleres during the 3rd quarter worth about $1,752,000. Pacer Advisors Inc. boosted its position in Caleres by 87.1% during the fourth 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in Caleres by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 502,144 shares of the textile maker’s stock valued at $14,442,000 after purchasing an additional 5,785 shares in the last quarter. American Century Companies Inc. increased its position in shares of Caleres by 55.6% during the 3rd quarter. American Century Companies Inc. now owns 382,557 shares of the textile maker’s stock worth $11,002,000 after purchasing an additional 136,705 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Caleres by 5.1% during the 4th quarter. New York State Teachers Retirement System now owns 50,634 shares of the textile maker’s stock worth $1,556,000 after purchasing an additional 2,458 shares in the last quarter. Institutional investors own 98.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CAL. Piper Sandler boosted their target price on shares of Caleres from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Loop Capital boosted their price objective on shares of Caleres from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, KeyCorp assumed coverage on shares of Caleres in a research note on Wednesday, February 7th. They issued a “sector weight” rating for the company. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Caleres Price Performance

Shares of Caleres stock opened at $37.74 on Tuesday. Caleres, Inc. has a 1 year low of $16.85 and a 1 year high of $41.94. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 7.85 and a beta of 1.99. The business has a fifty day simple moving average of $37.70 and a two-hundred day simple moving average of $32.59.

Caleres (NYSE:CAL) last announced its earnings results on Tuesday, March 19th. The textile maker reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. The business had revenue of $697.10 million during the quarter, compared to the consensus estimate of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. Caleres’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, equities analysts anticipate that Caleres, Inc. will post 4.37 earnings per share for the current fiscal year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.74%. Caleres’s dividend payout ratio (DPR) is currently 5.82%.

Insider Buying and Selling

In other Caleres news, SVP Mark A. Schmitt sold 18,373 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $41.01, for a total transaction of $753,476.73. Following the transaction, the senior vice president now owns 50,847 shares in the company, valued at approximately $2,085,235.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO John W. Schmidt sold 25,332 shares of Caleres stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 335,663 shares in the company, valued at $12,993,514.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Mark A. Schmitt sold 18,373 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.01, for a total value of $753,476.73. Following the sale, the senior vice president now directly owns 50,847 shares in the company, valued at approximately $2,085,235.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,355 shares of company stock valued at $3,401,500. Insiders own 3.80% of the company’s stock.

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.