Capital Fund Management S.A. Buys 56,370 Shares of Caleres, Inc. $CAL

Capital Fund Management S.A. grew its stake in shares of Caleres, Inc. (NYSE:CAL) by 346.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,657 shares of the textile maker’s stock after purchasing an additional 56,370 shares during the period. Capital Fund Management S.A. owned approximately 0.21% of Caleres worth $888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SummerHaven Investment Management LLC lifted its holdings in Caleres by 3.7% in the second quarter. SummerHaven Investment Management LLC now owns 25,474 shares of the textile maker’s stock worth $311,000 after buying an additional 905 shares during the period. GAMMA Investing LLC raised its position in shares of Caleres by 15.3% in the 2nd quarter. GAMMA Investing LLC now owns 6,903 shares of the textile maker’s stock worth $84,000 after acquiring an additional 915 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Caleres by 5.6% in the 2nd quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock worth $231,000 after acquiring an additional 1,007 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Caleres by 33.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,424 shares of the textile maker’s stock valued at $93,000 after purchasing an additional 1,359 shares during the period. Finally, US Bancorp DE boosted its position in shares of Caleres by 21.6% during the first quarter. US Bancorp DE now owns 8,775 shares of the textile maker’s stock valued at $151,000 after purchasing an additional 1,561 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Caleres Trading Down 0.8%

NYSE CAL opened at $13.37 on Friday. Caleres, Inc. has a 12 month low of $9.54 and a 12 month high of $28.27. The stock has a market cap of $452.27 million, a P/E ratio of 7.64 and a beta of 0.73. The stock’s fifty day moving average price is $12.02 and its 200-day moving average price is $13.52.

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 the consensus estimate of $0.51 by ($0.16). The company had revenue of $658.52 million during the quarter, compared to analysts’ expectations of $656.93 million. Caleres had a return on equity of 11.91% and a net margin of 2.26%.Caleres’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. As a group, analysts forecast that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CAL shares. Zacks Research upgraded Caleres from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Caleres in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $14.00.

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.