Voya Investment Management LLC Has $319,000 Holdings in Caleres, Inc. $CAL

Voya Investment Management LLC lifted its holdings in Caleres, Inc. (NYSE:CAL) by 21.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,486 shares of the textile maker’s stock after purchasing an additional 3,202 shares during the period. Voya Investment Management LLC owned 0.05% of Caleres worth $319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Royce & Associates LP lifted its stake 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 purchasing an additional 39,067 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Caleres by 6.0% in the 1st quarter. American Century Companies Inc. now owns 1,216,998 shares of the textile maker’s stock valued at $20,969,000 after purchasing an additional 68,779 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of Caleres by 148.2% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 50,076 shares of the textile maker’s stock valued at $863,000 after purchasing an additional 29,900 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its stake in shares of Caleres by 2.8% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 738,500 shares of the textile maker’s stock valued at $12,724,000 after purchasing an additional 20,000 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Caleres by 1,201.7% during the 1st quarter. GAMMA Investing LLC now owns 5,988 shares of the textile maker’s stock worth $103,000 after acquiring an additional 5,528 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Caleres from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Caleres currently has an average rating of “Reduce” and a consensus price target of $14.00.

Caleres Stock Performance

NYSE:CAL opened at $13.66 on Monday. The firm’s 50-day moving average is $14.72 and its 200-day moving average is $14.96. Caleres, Inc. has a 52-week low of $12.09 and a 52-week high of $34.38. The company has a market cap of $462.25 million, a price-to-earnings ratio of 7.81 and a beta of 1.07.

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

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, September 12th. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. Caleres’s payout ratio is presently 16.00%.

About Caleres

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.