Campbell & CO Investment Adviser LLC Invests $236,000 in Caleres, Inc. $CAL

Campbell & CO Investment Adviser LLC purchased a new stake in Caleres, Inc. (NYSE:CAL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,325 shares of the textile maker’s stock, valued at approximately $236,000. Campbell & CO Investment Adviser LLC owned 0.06% of Caleres as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its position in Caleres by 75.6% during the 2nd quarter. AlphaQuest LLC now owns 19,633 shares of the textile maker’s stock worth $240,000 after acquiring an additional 8,455 shares during the period. Bleakley Financial Group LLC acquired a new stake in shares of Caleres during the second quarter worth $276,000. SummerHaven Investment Management LLC grew its position in Caleres by 3.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,474 shares of the textile maker’s stock valued at $311,000 after buying an additional 905 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Caleres by 9.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 20,325 shares of the textile maker’s stock valued at $247,000 after buying an additional 1,691 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new position in Caleres during the 2nd quarter worth $237,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a report on Wednesday, October 8th. Zacks Research raised Caleres from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $14.00.

Caleres Trading Down 3.7%

CAL stock opened at $9.93 on Tuesday. The company’s 50-day moving average price is $12.89 and its 200 day moving average price is $13.95. Caleres, Inc. has a 52 week low of $9.78 and a 52 week high of $33.24. The company has a market cap of $336.09 million, a P/E ratio of 5.67 and a beta of 1.08.

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

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, September 12th. Caleres’s payout ratio is presently 16.00%.

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.