SG Americas Securities LLC Sells 18,510 Shares of Caleres, Inc. (CAL)

SG Americas Securities LLC reduced its position in shares of Caleres, Inc. (NYSE:CAL) by 79.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,782 shares of the textile maker’s stock after selling 18,510 shares during the quarter. SG Americas Securities LLC’s holdings in Caleres were worth $146,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP bought a new stake in shares of Caleres in the second quarter worth approximately $11,807,000. Alliancebernstein L.P. grew its position in Caleres by 13.6% during the second quarter. Alliancebernstein L.P. now owns 3,164,709 shares of the textile maker’s stock valued at $87,916,000 after buying an additional 379,868 shares during the period. Dimensional Fund Advisors LP grew its position in Caleres by 11.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,588,016 shares of the textile maker’s stock valued at $99,676,000 after buying an additional 367,654 shares during the period. Schroder Investment Management Group bought a new stake in Caleres during the second quarter valued at approximately $6,584,000. Finally, Victory Capital Management Inc. grew its position in Caleres by 10.0% during the third quarter. Victory Capital Management Inc. now owns 1,973,708 shares of the textile maker’s stock valued at $60,237,000 after buying an additional 178,870 shares during the period. Institutional investors and hedge funds own 86.53% of the company’s stock.

In other news, CEO Diane M. Sullivan sold 26,100 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $32.57, for a total value of $850,077.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.20% of the company’s stock.

Several equities analysts have weighed in on CAL shares. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Susquehanna Bancshares reissued a “buy” rating and issued a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Wedbush reissued an “outperform” rating and issued a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Finally, Macquarie reissued an “outperform” rating and issued a $37.00 target price on shares of Caleres in a report on Sunday, October 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $33.17.

Shares of Caleres, Inc. (NYSE:CAL) opened at $33.37 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49. Caleres, Inc. has a 1 year low of $22.39 and a 1 year high of $34.34. The firm has a market cap of $1,450.00, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.42 and a beta of 1.13.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). Caleres had a net margin of 2.21% and a return on equity of 13.59%. The firm had revenue of $774.66 million for the quarter, compared to the consensus estimate of $785.75 million. During the same quarter last year, the firm earned $0.81 EPS. The company’s revenue was up 5.8% on a year-over-year basis. analysts forecast that Caleres, Inc. will post 2.12 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Tuesday, December 26th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, December 22nd. Caleres’s payout ratio is presently 20.00%.

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Caleres Company Profile

Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.

Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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