Caleres, Inc. (CAL) Stake Decreased by Franklin Resources Inc.
Franklin Resources Inc. cut its position in shares of Caleres, Inc. (NYSE:CAL) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,228,413 shares of the textile maker’s stock after selling 168,810 shares during the quarter. Franklin Resources Inc. owned about 2.86% of Caleres worth $34,126,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new stake in shares of Caleres during the second quarter worth $142,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Caleres during the second quarter worth $204,000. Quantbot Technologies LP acquired a new stake in shares of Caleres during the first quarter worth $209,000. Karp Capital Management Corp acquired a new stake in shares of Caleres during the first quarter worth $225,000. Finally, State of Alaska Department of Revenue increased its position in shares of Caleres by 78.5% during the second quarter. State of Alaska Department of Revenue now owns 8,495 shares of the textile maker’s stock worth $235,000 after buying an additional 3,735 shares during the period. Institutional investors own 86.37% of the company’s stock.
Shares of Caleres, Inc. (NYSE CAL) opened at 28.82 on Monday. The firm has a market capitalization of $1.24 billion, a PE ratio of 20.45 and a beta of 1.06. The firm has a 50-day moving average of $26.31 and a 200-day moving average of $27.07. Caleres, Inc. has a 12-month low of $22.39 and a 12-month high of $36.61.
Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, August 29th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $677.00 million for the quarter, compared to the consensus estimate of $668.85 million. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. Equities analysts anticipate that Caleres, Inc. will post $2.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, September 15th. Caleres’s payout ratio is currently 19.86%.
Several equities research analysts have recently weighed in on CAL shares. Zacks Investment Research cut shares of Caleres from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. UBS AG upgraded shares of Caleres from a “neutral” rating to a “positive” rating in a report on Tuesday, May 30th. Susquehanna Bancshares Inc upgraded shares of Caleres from a “neutral” rating to a “positive” rating and set a $31.00 price target for the company in a report on Tuesday, May 30th. BidaskClub upgraded shares of Caleres from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.40.
Caleres Company Profile
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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