Bleakley Financial Group LLC Invests $276,000 in Caleres, Inc. $CAL

Bleakley Financial Group LLC acquired a new position in Caleres, Inc. (NYSE:CAL) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,576 shares of the textile maker’s stock, valued at approximately $276,000.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Caleres by 6.0% in the 1st quarter. American Century Companies Inc. now owns 1,216,998 shares of the textile maker’s stock worth $20,969,000 after purchasing an additional 68,779 shares during the period. Royce & Associates LP raised its holdings in shares of Caleres by 4.9% in the 1st quarter. Royce & Associates LP now owns 843,445 shares of the textile maker’s stock worth $14,533,000 after purchasing an additional 39,067 shares during the period. Invesco Ltd. raised its holdings in shares of Caleres by 5.4% in the 1st quarter. Invesco Ltd. now owns 811,952 shares of the textile maker’s stock worth $13,990,000 after purchasing an additional 41,434 shares during the period. Paradigm Capital Management Inc. NY raised its holdings in shares of Caleres by 2.8% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 738,500 shares of the textile maker’s stock worth $12,724,000 after purchasing an additional 20,000 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Caleres by 24.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 691,801 shares of the textile maker’s stock worth $11,920,000 after purchasing an additional 135,159 shares during the period. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Caleres Stock Performance

Shares of NYSE:CAL opened at $12.57 on Monday. The company has a market cap of $425.24 million, a P/E ratio of 7.18 and a beta of 1.15. Caleres, Inc. has a one year low of $11.84 and a one year high of $33.24. The business’s 50-day simple moving average is $14.13 and its 200 day simple moving average is $14.45.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.16). Caleres had a net margin of 2.26% and a return on equity of 11.91%. The business had revenue of $658.52 million for the quarter, compared to analyst estimates of $656.93 million. During the same quarter last year, the business earned $0.98 EPS. Caleres’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts predict that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, September 12th. Caleres’s dividend payout ratio (DPR) is 16.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CAL shares. Zacks Research downgraded Caleres from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Caleres in a report on Friday. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Sell” and an average target price of $14.00.

Caleres Profile

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.