Caleres, Inc. (NYSE:CAL) Position Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Caleres, Inc. (NYSE:CAL) by 76.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,086 shares of the textile maker’s stock after purchasing an additional 3,925 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Caleres were worth $279,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Qube Research & Technologies Ltd bought a new stake in Caleres in the third quarter valued at about $1,752,000. Pacer Advisors Inc. increased its holdings in shares of Caleres by 87.1% in the 4th quarter. Pacer Advisors Inc. now owns 1,433,509 shares of the textile maker’s stock valued at $44,052,000 after acquiring an additional 667,195 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Caleres in the 4th quarter valued at approximately $1,032,000. Charles Schwab Investment Management Inc. raised its position in shares of Caleres by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,144 shares of the textile maker’s stock valued at $14,442,000 after acquiring an additional 5,785 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Caleres by 55.6% during the third 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. Institutional investors and hedge funds own 98.44% of the company’s stock.

Insider Activity at Caleres

In other news, insider Diane M. Sullivan sold 6,856 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $37.09, for a total value of $254,289.04. Following the completion of the transaction, the insider now owns 254,668 shares of the company’s stock, valued at $9,445,636.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO John W. Schmidt sold 12,668 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $33.29, for a total value of $421,717.72. Following the sale, the chief executive officer now owns 360,995 shares of the company’s stock, valued at approximately $12,017,523.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Diane M. Sullivan sold 6,856 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $37.09, for a total value of $254,289.04. Following the transaction, the insider now directly owns 254,668 shares of the company’s stock, valued at approximately $9,445,636.12. The disclosure for this sale can be found here. Insiders have sold a total of 90,355 shares of company stock worth $3,401,500 in the last three months. 3.80% of the stock is owned by company insiders.

Caleres Price Performance

Shares of NYSE CAL opened at $36.97 on Monday. The firm has a market capitalization of $1.30 billion, a PE ratio of 7.69 and a beta of 2.01. Caleres, Inc. has a 1-year low of $16.85 and a 1-year high of $41.94. The business’s fifty day moving average price is $37.74 and its two-hundred day moving average price is $32.83.

Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, March 19th. The textile maker reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. The business had revenue of $697.10 million for 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%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. Equities research analysts expect that Caleres, Inc. will post 4.4 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Wednesday, March 27th. Caleres’s dividend payout ratio (DPR) is 5.82%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Loop Capital boosted their target price on shares of Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. KeyCorp assumed coverage on shares of Caleres in a research report on Wednesday, February 7th. They set a “sector weight” rating for the company. Finally, Piper Sandler raised 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. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Caleres 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.