GAMMA Investing LLC Has $84,000 Stock Position in Caleres, Inc. $CAL

GAMMA Investing LLC raised its position in shares of Caleres, Inc. (NYSE:CAL) by 15.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,903 shares of the textile maker’s stock after purchasing an additional 915 shares during the quarter. GAMMA Investing LLC’s holdings in Caleres were worth $84,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Caleres by 31.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,962 shares of the textile maker’s stock worth $2,338,000 after buying an additional 24,316 shares during the period. Versant Capital Management Inc boosted its position in Caleres by 244.0% during the first quarter. Versant Capital Management Inc now owns 1,455 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,032 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Caleres by 3.3% during the 1st quarter. SummerHaven Investment Management LLC now owns 24,569 shares of the textile maker’s stock worth $423,000 after acquiring an additional 785 shares during the period. Golden State Wealth Management LLC raised its position in shares of Caleres by 100.0% in 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Caleres by 3.9% in the 1st quarter. Bank of New York Mellon Corp now owns 350,853 shares of the textile maker’s stock worth $6,045,000 after acquiring an additional 13,187 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered 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 issued a Sell rating to the company. According to data from MarketBeat, Caleres has a consensus rating of “Reduce” and an average price target of $14.00.

Caleres Trading Up 2.1%

NYSE CAL opened at $13.53 on Friday. The company has a market cap of $457.79 million, a P/E ratio of 7.73 and a beta of 1.16. The company has a fifty day simple moving average of $14.57 and a 200 day simple moving average of $14.90. Caleres, Inc. has a 12-month low of $12.09 and a 12-month high of $34.38.

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). The business had revenue of $658.52 million for the quarter, compared to analyst estimates of $656.93 million. Caleres had a return on equity of 11.91% and a net margin of 2.26%.The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. Sell-side analysts predict that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, September 12th. This represents a $0.28 dividend on an annualized basis and a yield of 2.1%. Caleres’s payout ratio is 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.