Schroder Investment Management Group Grows Stake in Caleres, Inc. (CAL)
Schroder Investment Management Group lifted its stake in shares of Caleres, Inc. (NYSE:CAL) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,625 shares of the textile maker’s stock after acquiring an additional 19,738 shares during the quarter. Schroder Investment Management Group owned 0.59% of Caleres worth $7,789,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP purchased a new stake in shares of Caleres during the second quarter worth $11,807,000. Alliancebernstein L.P. raised its holdings in Caleres by 13.6% during the second quarter. Alliancebernstein L.P. now owns 3,164,709 shares of the textile maker’s stock valued at $87,916,000 after buying an additional 379,868 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Caleres by 11.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,588,016 shares of the textile maker’s stock valued at $99,676,000 after buying an additional 367,654 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Caleres by 10.0% during the third quarter. Victory Capital Management Inc. now owns 1,973,708 shares of the textile maker’s stock valued at $60,237,000 after buying an additional 178,870 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Caleres during the third quarter valued at about $3,684,000. 86.57% of the stock is owned by institutional investors and hedge funds.
Caleres, Inc. (NYSE CAL) opened at $32.35 on Friday. Caleres, Inc. has a one year low of $22.39 and a one year high of $36.61. The company has a quick ratio of 0.49, a current ratio of 1.93 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1,390.37, a P/E ratio of 16.09, a PEG ratio of 1.39 and a beta of 1.13.
In related news, SVP Douglas Koch sold 33,400 shares of the business’s stock in a transaction that occurred 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 transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diane M. Sullivan sold 26,100 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $32.57, for a total transaction of $850,077.00. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.
Several equities analysts have weighed in on CAL shares. Zacks Investment Research upgraded Caleres from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, August 31st. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $31.00 price target on shares of Caleres in a research report on Tuesday, August 29th. ValuEngine raised Caleres from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, BidaskClub raised Caleres from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $33.17.
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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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