Public Employees Retirement System of Ohio Sells 14,373 Shares of Caleres, Inc. (CAL)
Public Employees Retirement System of Ohio decreased its holdings in shares of Caleres, Inc. (NYSE:CAL) by 17.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 67,548 shares of the textile maker’s stock after selling 14,373 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.16% of Caleres worth $1,876,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CAL. Pacad Investment Ltd. bought a new stake in shares of Caleres during the 2nd quarter valued at $142,000. LaSalle Street Capital Management LLC bought a new stake in shares of Caleres during the 2nd quarter valued at $201,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Caleres during the 2nd quarter valued at $204,000. Karp Capital Management Corp bought a new stake in shares of Caleres during the 1st quarter valued at $225,000. Finally, Verition Fund Management LLC bought a new stake in shares of Caleres during the 2nd quarter valued at $229,000. Institutional investors own 87.77% of the company’s stock.
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In related news, SVP Douglas Koch sold 33,400 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $30.03, for a total value of $1,003,002.00. Following the completion of the sale, the senior vice president now owns 103,837 shares in the company, valued at approximately $3,118,225.11. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.
Several brokerages have commented on CAL. BidaskClub cut shares of Caleres from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research cut shares of Caleres from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Macquarie reiterated an “outperform” rating and set a $37.00 target price on shares of Caleres in a research report on Sunday, October 1st. Finally, TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $33.00.
Shares of Caleres, Inc. (NYSE CAL) opened at $27.79 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.57 and a quick ratio of 0.38. Caleres, Inc. has a 1 year low of $22.39 and a 1 year high of $36.61. The company has a market cap of $1,194.03, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.15 and a beta of 1.04.
Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, August 29th. The textile maker reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The business had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $668.85 million. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts expect that Caleres, Inc. will post 2.2 earnings per share for the current year.
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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