Rhumbline Advisers Buys 1,021 Shares of Caleres, Inc. (NYSE:CAL)

Rhumbline Advisers grew its stake in Caleres, Inc. (NYSE:CAL) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,833 shares of the textile maker’s stock after purchasing an additional 1,021 shares during the quarter. Rhumbline Advisers owned approximately 0.37% of Caleres worth $3,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. raised its position in shares of Caleres by 124.2% in the first quarter. Meeder Asset Management Inc. now owns 1,213 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 672 shares during the period. Oliver Luxxe Assets LLC bought a new position in Caleres during the first quarter worth about $204,000. Public Employees Retirement System of Ohio increased its position in Caleres by 6.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 13,469 shares of the textile maker’s stock worth $211,000 after acquiring an additional 839 shares during the period. Everence Capital Management Inc. bought a new position in Caleres during the first quarter worth about $223,000. Finally, Credit Suisse AG bought a new position in Caleres during the fourth quarter worth about $309,000. 80.25% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Thursday, June 3rd. TheStreet raised shares of Caleres from a “d+” rating to a “c” rating in a research report on Friday, May 28th. Finally, CL King raised shares of Caleres from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, June 1st. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $22.00.

In other news, insider Willis Hill sold 10,835 shares of the firm’s stock in a transaction that occurred on Wednesday, June 2nd. The shares were sold at an average price of $27.78, for a total value of $300,996.30. Following the sale, the insider now directly owns 28,253 shares in the company, valued at approximately $784,868.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Diane M. Sullivan sold 31,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $21.30, for a total transaction of $660,300.00. Following the completion of the sale, the chief executive officer now owns 645,421 shares in the company, valued at $13,747,467.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,335 shares of company stock worth $2,004,146. 4.80% of the stock is currently owned by corporate insiders.

Shares of Caleres stock opened at $26.52 on Friday. The firm has a market capitalization of $1.02 billion, a P/E ratio of -11.05 and a beta of 2.68. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.87 and a quick ratio of 0.36. Caleres, Inc. has a 12-month low of $5.99 and a 12-month high of $28.34. The business’s 50-day moving average price is $24.44.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, May 27th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.57. The firm had revenue of $638.60 million for the quarter, compared to the consensus estimate of $573.10 million. Caleres had a negative net margin of 3.69% and a positive return on equity of 9.24%. The business’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same period in the prior year, the company posted ($1.30) earnings per share. On average, research analysts forecast that Caleres, Inc. will post 2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Friday, June 11th will be paid a $0.07 dividend. The ex-dividend date is Thursday, June 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.06%. Caleres’s payout ratio is currently -20.00%.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear in the United States, China, 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.

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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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