Lenox Wealth Management Inc. boosted its position in Caleres Inc (NYSE:CAL) by 8.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,026 shares of the textile maker’s stock after acquiring an additional 1,050 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Caleres were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in Caleres by 30.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 95,810 shares of the textile maker’s stock valued at $1,909,000 after buying an additional 22,335 shares during the last quarter. Peregrine Capital Management LLC acquired a new position in Caleres in the 3rd quarter valued at $8,691,000. Maverick Capital Ltd. acquired a new position in Caleres in the 2nd quarter valued at $2,151,000. Parallax Volatility Advisers L.P. grew its stake in Caleres by 30.2% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 26,889 shares of the textile maker’s stock valued at $536,000 after buying an additional 6,238 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in Caleres by 27.9% in the 2nd quarter. Schroder Investment Management Group now owns 801,905 shares of the textile maker’s stock valued at $15,974,000 after buying an additional 175,003 shares during the last quarter. Institutional investors and hedge funds own 96.33% of the company’s stock.
NYSE CAL traded up $0.26 during midday trading on Friday, hitting $24.64. The company had a trading volume of 501,462 shares, compared to its average volume of 672,190. The company has a quick ratio of 0.24, a current ratio of 0.97 and a debt-to-equity ratio of 1.36. The stock has a market cap of $981.35 million, a price-to-earnings ratio of 11.15 and a beta of 0.89. The firm has a fifty day simple moving average of $22.36 and a two-hundred day simple moving average of $20.69. Caleres Inc has a fifty-two week low of $14.30 and a fifty-two week high of $37.51.
Caleres (NYSE:CAL) last posted its quarterly earnings results on Monday, August 26th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $752.49 million for the quarter, compared to analyst estimates of $752.23 million. Caleres had a negative net margin of 0.41% and a positive return on equity of 13.75%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. As a group, equities analysts predict that Caleres Inc will post 2.42 earnings per share for the current year.
CAL has been the topic of several research analyst reports. Peel Hunt restated a “hold” rating on shares of Caleres in a research report on Tuesday, November 5th. Susquehanna Bancshares set a $20.00 price target on shares of Caleres and gave the stock a “buy” rating in a research report on Monday, August 26th. Loop Capital raised their price target on shares of Caleres to $30.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and issued a $28.00 price target on shares of Caleres in a research report on Thursday, October 3rd. Finally, Zacks Investment Research lowered shares of Caleres from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.50.
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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