Caleres Inc (CAL) Holdings Lifted by APG Asset Management N.V.

APG Asset Management N.V. raised its stake in shares of Caleres Inc (NYSE:CAL) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,300 shares of the textile maker’s stock after acquiring an additional 2,700 shares during the quarter. APG Asset Management N.V. owned approximately 0.28% of Caleres worth $2,904,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in CAL. Blueshift Asset Management LLC acquired a new position in Caleres during the 4th quarter worth about $586,000. Legal & General Group Plc increased its position in Caleres by 8.9% in the 3rd quarter. Legal & General Group Plc now owns 102,127 shares of the textile maker’s stock valued at $3,665,000 after acquiring an additional 8,324 shares in the last quarter. Macquarie Group Ltd. increased its position in Caleres by 76.0% in the 3rd quarter. Macquarie Group Ltd. now owns 1,378,173 shares of the textile maker’s stock valued at $49,421,000 after acquiring an additional 594,937 shares in the last quarter. Royce & Associates LP raised its stake in shares of Caleres by 94.0% in the fourth quarter. Royce & Associates LP now owns 725,923 shares of the textile maker’s stock worth $20,202,000 after acquiring an additional 351,780 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its stake in shares of Caleres by 70.0% in the fourth quarter. Hodges Capital Management Inc. now owns 229,231 shares of the textile maker’s stock worth $6,379,000 after acquiring an additional 94,396 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Shares of CAL stock opened at $25.98 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 0.34. The stock has a market capitalization of $1.08 billion, a P/E ratio of 11.76 and a beta of 0.73. Caleres Inc has a 12 month low of $22.85 and a 12 month high of $41.09.

Caleres (NYSE:CAL) last released its earnings results on Thursday, March 21st. The textile maker reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The business had revenue of $720.26 million for the quarter, compared to analyst estimates of $738.12 million. Caleres had a negative net margin of 0.19% and a positive return on equity of 13.26%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. Equities analysts anticipate that Caleres Inc will post 2.52 earnings per share for the current fiscal year.

Caleres announced that its board has approved a share repurchase program on Friday, December 14th that allows the company to buyback 2,500,000 shares. This buyback authorization allows the textile maker to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Tuesday, March 26th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Monday, March 25th. Caleres’s dividend payout ratio (DPR) is 12.67%.

In related news, insider Daniel R. Freidman sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the transaction, the insider now directly owns 74,046 shares in the company, valued at $2,221,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.60% of the company’s stock.

A number of brokerages have recently issued reports on CAL. Zacks Investment Research upgraded shares of Caleres from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Wedbush reissued an “outperform” rating on shares of Caleres in a report on Tuesday, March 12th. TheStreet cut shares of Caleres from a “b-” rating to a “c” rating in a research report on Friday, March 22nd. Macquarie set a $38.00 price objective on Caleres and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, ValuEngine lowered Caleres from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.75.

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Caleres Profile

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

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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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