Maryland State Retirement & Pension System Has $387,000 Holdings in Caleres, Inc. (NYSE:CAL)

Maryland State Retirement & Pension System cut its holdings in Caleres, Inc. (NYSE:CAL) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,528 shares of the textile maker’s stock after selling 613 shares during the period. Maryland State Retirement & Pension System’s holdings in Caleres were worth $387,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Caleres during the 1st quarter worth about $117,000. Shell Asset Management Co. bought a new stake in Caleres during the first quarter worth approximately $156,000. Assetmark Inc. grew its holdings in Caleres by 7.9% during the fourth quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock valued at $184,000 after purchasing an additional 440 shares during the last quarter. BlackDiamond Wealth Management LLC bought a new position in shares of Caleres in the fourth quarter valued at approximately $218,000. Finally, LSV Asset Management lifted its stake in shares of Caleres by 159.2% in the fourth quarter. LSV Asset Management now owns 7,517 shares of the textile maker’s stock worth $231,000 after buying an additional 4,617 shares during the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $33.07, for a total transaction of $176,891.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Carla C. Hendra sold 5,349 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $33.07, for a total value of $176,891.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Diane M. Sullivan sold 17,068 shares of Caleres stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $35.45, for a total transaction of $605,060.60. Following the sale, the insider now owns 150,449 shares in the company, valued at approximately $5,333,417.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,181 shares of company stock valued at $1,447,208. Insiders own 3.80% of the company’s stock.

Caleres Trading Down 5.2 %

Shares of CAL stock opened at $39.92 on Wednesday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 8.46 and a beta of 1.91. Caleres, Inc. has a 1 year low of $24.71 and a 1 year high of $44.51. The firm’s fifty day simple moving average is $36.89 and its 200 day simple moving average is $36.87.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, September 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.70%. Caleres’s payout ratio is 5.93%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Caleres from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Loop Capital lowered Caleres from a “buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a research note on Tuesday.

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.