Caleres, Inc. (CAL) Shares Sold by State of Wisconsin Investment Board
State of Wisconsin Investment Board cut its position in Caleres, Inc. (NYSE:CAL) by 7.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 394,077 shares of the textile maker’s stock after selling 33,100 shares during the period. State of Wisconsin Investment Board owned 0.92% of Caleres worth $10,947,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in shares of Caleres by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the textile maker’s stock valued at $125,000 after buying an additional 60 shares during the period. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Caleres during the second quarter valued at about $204,000. Quantbot Technologies LP acquired a new position in shares of Caleres during the first quarter valued at about $209,000. Karp Capital Management Corp acquired a new position in shares of Caleres during the first quarter valued at about $225,000. Finally, First Mercantile Trust Co. boosted its position in shares of Caleres by 13.7% in the second quarter. First Mercantile Trust Co. now owns 8,900 shares of the textile maker’s stock valued at $247,000 after buying an additional 1,070 shares during the period. 83.92% of the stock is owned by institutional investors and hedge funds.
Caleres, Inc. (NYSE CAL) opened at 24.50 on Thursday. Caleres, Inc. has a one year low of $22.39 and a one year high of $36.61. The company’s 50 day moving average is $26.21 and its 200 day moving average is $27.44. The stock has a market cap of $1.05 billion, a PE ratio of 16.79 and a beta of 1.07.
Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. Caleres had a net margin of 2.39% and a return on equity of 13.80%. The company had revenue of $631.50 million during the quarter, compared to the consensus estimate of $621.31 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts expect that Caleres, Inc. will post $2.18 EPS for the current year.
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Several research analysts recently issued reports on CAL shares. TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Wednesday, July 12th. BidaskClub raised shares of Caleres from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Susquehanna Bancshares Inc raised shares of Caleres from a “neutral” rating to a “positive” rating and set a $31.00 target price for the company in a report on Tuesday, May 30th. Finally, UBS AG raised shares of Caleres from a “neutral” rating to a “positive” rating in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $31.40.
Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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