Caleres, Inc. $CAL Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in shares of Caleres, Inc. (NYSE:CAL) by 23.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 39,195 shares of the textile maker’s stock after selling 11,685 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Caleres worth $675,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in Caleres by 244.0% during the 1st quarter. Versant Capital Management Inc now owns 1,455 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,032 shares during the period. Golden State Wealth Management LLC lifted its position in Caleres by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 5,097 shares of the textile maker’s stock worth $88,000 after acquiring an additional 2,548 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Caleres by 33.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,424 shares of the textile maker’s stock valued at $93,000 after buying an additional 1,359 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Caleres by 1,201.7% during the 1st quarter. GAMMA Investing LLC now owns 5,988 shares of the textile maker’s stock valued at $103,000 after buying an additional 5,528 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Caleres by 21.6% during the 1st quarter. US Bancorp DE now owns 8,775 shares of the textile maker’s stock valued at $151,000 after buying an additional 1,561 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Stock Down 2.5%

Shares of Caleres stock opened at $14.98 on Friday. Caleres, Inc. has a twelve month low of $12.09 and a twelve month high of $43.34. The business has a 50-day moving average price of $14.17 and a 200 day moving average price of $15.21. The firm has a market cap of $506.46 million, a PE ratio of 6.24 and a beta of 1.14.

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

Caleres Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, September 12th. Caleres’s payout ratio is currently 11.67%.

Analysts Set New Price Targets

Separately, Loop Capital reduced their price objective on 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.com, Caleres currently has a consensus rating of “Hold” and an average price target of $14.00.

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.