Strs Ohio Buys Shares of 14,500 Caleres, Inc. $CAL

Strs Ohio acquired a new stake in shares of Caleres, Inc. (NYSE:CAL) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,500 shares of the textile maker’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Invenomic Capital Management LP acquired a new position in Caleres during the first quarter worth about $11,596,000. Wellington Management Group LLP purchased a new position in Caleres during the 1st quarter valued at about $6,642,000. Millennium Management LLC grew its stake in shares of Caleres by 1,087.7% in the 4th quarter. Millennium Management LLC now owns 180,822 shares of the textile maker’s stock valued at $4,188,000 after buying an additional 165,598 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Caleres by 24.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 691,801 shares of the textile maker’s stock valued at $11,920,000 after buying an additional 135,159 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its holdings in Caleres by 933.8% in the 1st quarter. Landscape Capital Management L.L.C. now owns 140,938 shares of the textile maker’s stock worth $2,428,000 after purchasing an additional 127,305 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CAL has been the subject of several analyst reports. Loop Capital reduced their target price on Caleres from $16.00 to $14.00 and set a “hold” rating for the company in a report on Friday, May 30th. Zacks Research lowered Caleres from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $14.00.

Caleres Trading Up 0.2%

Shares of CAL opened at $13.95 on Thursday. Caleres, Inc. has a 1 year low of $12.09 and a 1 year high of $34.38. The stock has a market cap of $472.07 million, a P/E ratio of 7.97 and a beta of 1.08. The stock’s 50-day moving average price is $14.73 and its two-hundred day moving average price is $15.01.

Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.16). Caleres had a net margin of 2.26% and a return on equity of 11.91%. The business had revenue of $658.52 million for the quarter, compared to the consensus estimate of $656.93 million. During the same quarter last year, the firm earned $0.98 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities analysts forecast that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 12th. Caleres’s dividend payout ratio (DPR) is currently 16.00%.

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.