Vanguard Group Inc. Sells 729,726 Shares of Caleres, Inc. $CAL

Vanguard Group Inc. cut its stake in Caleres, Inc. (NYSE:CAL) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,493,617 shares of the textile maker’s stock after selling 729,726 shares during the quarter. Vanguard Group Inc. owned about 7.42% of Caleres worth $42,965,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Caleres by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker’s stock valued at $47,475,000 after purchasing an additional 167,326 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Caleres by 4.9% in the 1st quarter. Royce & Associates LP now owns 843,445 shares of the textile maker’s stock valued at $14,533,000 after buying an additional 39,067 shares in the last quarter. Nokomis Capital L.L.C. purchased a new position in shares of Caleres in the 4th quarter worth approximately $18,336,000. Northern Trust Corp grew its position in shares of Caleres by 7.5% in the 4th quarter. Northern Trust Corp now owns 402,370 shares of the textile maker’s stock worth $9,319,000 after buying an additional 28,009 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Caleres during the 4th quarter worth approximately $8,259,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Loop Capital lowered their target price on shares of Caleres from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, May 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.00.

Caleres Trading Down 1.4%

Shares of Caleres stock opened at $15.2950 on Tuesday. The firm’s 50 day simple moving average is $13.99 and its two-hundred day simple moving average is $15.25. The firm has a market capitalization of $516.97 million, a price-to-earnings ratio of 6.37 and a beta of 1.14. Caleres, Inc. has a 12-month low of $12.09 and a 12-month high of $44.33.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, May 29th. The textile maker reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.15). Caleres had a net margin of 3.11% and a return on equity of 14.94%. The company had revenue of $614.22 million for the quarter, compared to analysts’ expectations of $622.93 million. During the same period last year, the firm earned $0.88 earnings per share. Caleres’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, sell-side analysts predict that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

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.