Prudential Financial Inc. Sells 16,950 Shares of Caleres Inc (NYSE:CAL)
Prudential Financial Inc. lessened its holdings in Caleres Inc (NYSE:CAL) by 16.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,746 shares of the textile maker’s stock after selling 16,950 shares during the period. Prudential Financial Inc.’s holdings in Caleres were worth $1,768,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in CAL. Paradigm Capital Management Inc. NY grew its holdings in Caleres by 5.4% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,164,550 shares of the textile maker’s stock worth $23,198,000 after buying an additional 59,900 shares in the last quarter. Royce & Associates LP grew its stake in shares of Caleres by 21.2% during the first quarter. Royce & Associates LP now owns 880,058 shares of the textile maker’s stock valued at $21,729,000 after buying an additional 154,135 shares during the last quarter. Schroder Investment Management Group grew its stake in Caleres by 27.9% in the second quarter. Schroder Investment Management Group now owns 801,905 shares of the textile maker’s stock worth $15,974,000 after purchasing an additional 175,003 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Caleres by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 448,342 shares of the textile maker’s stock worth $11,070,000 after purchasing an additional 16,316 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its stake in Caleres by 33.4% in the first quarter. State of Wisconsin Investment Board now owns 426,800 shares of the textile maker’s stock worth $10,538,000 after purchasing an additional 106,800 shares in the last quarter. Hedge funds and other institutional investors own 91.34% of the company’s stock.
NYSE CAL traded up $0.04 during midday trading on Thursday, hitting $21.86. 10,580 shares of the company traded hands, compared to its average volume of 1,106,096. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.97 and a quick ratio of 0.24. The company has a market cap of $929.94 million, a PE ratio of 9.89 and a beta of 0.90. The company’s 50-day simple moving average is $18.02 and its 200-day simple moving average is $21.76. Caleres Inc has a 52 week low of $14.30 and a 52 week high of $37.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.28%. Caleres’s dividend payout ratio is presently 12.67%.
Several research analysts recently issued reports on CAL shares. ValuEngine raised Caleres from a “strong sell” rating to a “sell” rating in a research note on Friday, September 6th. Susquehanna Bancshares set a $20.00 target price on Caleres and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Zacks Investment Research raised Caleres from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $28.60.
Caleres Company Profile
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.
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