Bank of America Corp DE increased its stake in Caleres Inc (NYSE:CAL) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 248,902 shares of the textile maker’s stock after acquiring an additional 53,619 shares during the quarter. Bank of America Corp DE owned about 0.58% of Caleres worth $6,926,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Caleres by 2.5% in the fourth quarter. BlackRock Inc. now owns 6,239,781 shares of the textile maker’s stock worth $173,655,000 after acquiring an additional 153,855 shares during the period. Vanguard Group Inc. lifted its stake in Caleres by 2.0% in the third quarter. Vanguard Group Inc. now owns 3,975,221 shares of the textile maker’s stock valued at $142,551,000 after buying an additional 78,692 shares during the period. Vanguard Group Inc lifted its stake in Caleres by 2.0% in the third quarter. Vanguard Group Inc now owns 3,975,221 shares of the textile maker’s stock valued at $142,551,000 after buying an additional 78,692 shares during the period. Macquarie Group Ltd. lifted its stake in Caleres by 76.0% in the third quarter. Macquarie Group Ltd. now owns 1,378,173 shares of the textile maker’s stock valued at $49,421,000 after buying an additional 594,937 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Caleres by 5.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,357,860 shares of the textile maker’s stock valued at $37,790,000 after buying an additional 69,698 shares during the period. 93.28% of the stock is currently owned by institutional investors.
Shares of CAL opened at $27.55 on Friday. Caleres Inc has a 52-week low of $22.85 and a 52-week high of $41.09. The company has a current ratio of 1.14, a quick ratio of 0.34 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 12.47 and a beta of 0.73.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Thursday, March 21st. The textile maker reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.07). Caleres had a negative net margin of 0.19% and a positive return on equity of 13.26%. The business had revenue of $720.26 million during the quarter, compared to analyst estimates of $738.12 million. During the same period last year, the firm posted $0.48 earnings per share. Caleres’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that Caleres Inc will post 2.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Tuesday, March 26th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Monday, March 25th. Caleres’s payout ratio is 12.67%.
In other news, insider Daniel R. Freidman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the transaction, the insider now directly owns 74,046 shares of the company’s stock, valued at $2,221,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is owned by corporate insiders.
Several equities analysts have issued reports on the company. Zacks Investment Research raised Caleres from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Wedbush reissued an “outperform” rating on shares of Caleres in a research note on Tuesday, March 12th. Loop Capital raised Caleres from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $32.00 in a research note on Wednesday, April 10th. TheStreet lowered Caleres from a “b-” rating to a “c” rating in a research note on Friday, March 22nd. Finally, Macquarie set a $38.00 price target on Caleres and gave the company a “buy” rating in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $39.25.
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.
Featured Story: How much money do you need to begin day trading?
Receive News & Ratings for Caleres Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres and related companies with MarketBeat.com's FREE daily email newsletter.