Keebeck Alpha LP Raises Position in Caleres, Inc. (NYSE:CAL)

Keebeck Alpha LP raised its position in shares of Caleres, Inc. (NYSE:CALGet Rating) by 144.5% during the first quarter, HoldingsChannel reports. The firm owned 22,367 shares of the textile maker’s stock after purchasing an additional 13,219 shares during the period. Keebeck Alpha LP’s holdings in Caleres were worth $432,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Caleres in the fourth quarter worth about $425,000. Yousif Capital Management LLC bought a new stake in Caleres in the 4th quarter worth approximately $801,000. CWM LLC bought a new stake in Caleres in the 4th quarter worth approximately $28,000. Qube Research & Technologies Ltd grew its position in Caleres by 130.9% in the 4th quarter. Qube Research & Technologies Ltd now owns 33,568 shares of the textile maker’s stock worth $761,000 after purchasing an additional 19,027 shares during the period. Finally, Boston Partners grew its position in Caleres by 8.6% in the 4th quarter. Boston Partners now owns 93,874 shares of the textile maker’s stock worth $2,129,000 after purchasing an additional 7,468 shares during the period. Hedge funds and other institutional investors own 81.45% of the company’s stock.

Caleres Stock Performance

Shares of Caleres stock opened at $29.97 on Wednesday. The company has a market capitalization of $1.10 billion, a P/E ratio of 6.36 and a beta of 1.88. The company has a fifty day moving average of $27.02 and a 200 day moving average of $24.08. Caleres, Inc. has a fifty-two week low of $17.82 and a fifty-two week high of $30.62.

Caleres (NYSE:CALGet Rating) last issued its earnings results on Tuesday, May 24th. The textile maker reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.50. The company had revenue of $735.12 million during the quarter, compared to the consensus estimate of $677.28 million. Caleres had a net margin of 6.31% and a return on equity of 62.60%. Caleres’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Analysts forecast that Caleres, Inc. will post 4.32 EPS for the current year.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Friday, June 10th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.93%. The ex-dividend date was Thursday, June 9th. Caleres’s payout ratio is currently 5.94%.

Analyst Ratings Changes

CAL has been the subject of a number of recent research reports. StockNews.com downgraded shares of Caleres from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 7th. TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research report on Tuesday, May 24th. Seaport Res Ptn reissued a “buy” rating on shares of Caleres in a research report on Friday, June 24th. Finally, Telsey Advisory Group boosted their price objective on shares of Caleres to $32.00 in a research report on Wednesday, May 25th.

Insiders Place Their Bets

In other Caleres news, Director Carla C. Hendra sold 13,208 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $28.16, for a total value of $371,937.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Caleres news, insider Daniel R. Freidman sold 6,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $26.61, for a total value of $159,660.00. Following the sale, the insider now owns 69,498 shares in the company, valued at approximately $1,849,341.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carla C. Hendra sold 13,208 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $28.16, for a total transaction of $371,937.28. The disclosure for this sale can be found here. Insiders have sold a total of 60,448 shares of company stock worth $1,665,626 in the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

Caleres Company Profile

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Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children.

See Also

Want to see what other hedge funds are holding CAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caleres, Inc. (NYSE:CALGet Rating).

Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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