Caleres, Inc. (NYSE:CAL) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC decreased its position in Caleres, Inc. (NYSE:CAL) by 13.0% during the 2nd quarter, Holdings Channel reports. The firm owned 41,877 shares of the textile maker’s stock after selling 6,239 shares during the quarter. AQR Capital Management LLC’s holdings in Caleres were worth $1,407,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Caleres by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,133,902 shares of the textile maker’s stock valued at $96,305,000 after acquiring an additional 17,567 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in Caleres during the first quarter worth about $1,641,000. Mutual of America Capital Management LLC acquired a new stake in Caleres during the first quarter worth about $236,000. Texas Permanent School Fund Corp increased its stake in Caleres by 1.2% during the first quarter. Texas Permanent School Fund Corp now owns 29,207 shares of the textile maker’s stock worth $1,198,000 after acquiring an additional 348 shares during the last quarter. Finally, LSV Asset Management increased its stake in Caleres by 792.6% during the first quarter. LSV Asset Management now owns 67,100 shares of the textile maker’s stock worth $2,753,000 after acquiring an additional 59,583 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Insider Activity

In other news, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction on Monday, July 15th. The stock was sold at an average price of $33.07, for a total transaction of $176,891.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction on Monday, July 15th. The stock was sold at an average price of $33.07, for a total value of $176,891.43. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Diane M. Sullivan sold 17,068 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the transaction, the insider now directly owns 150,449 shares in the company, valued at $5,333,417.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Caleres Stock Down 0.3 %

NYSE:CAL opened at $31.69 on Friday. The company has a market cap of $1.11 billion, a PE ratio of 6.71 and a beta of 1.91. Caleres, Inc. has a 52 week low of $24.71 and a 52 week high of $44.51. The business’s 50 day moving average is $36.50 and its two-hundred day moving average is $36.06.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.37). The company had revenue of $683.30 million during the quarter, compared to the consensus estimate of $723.80 million. Caleres had a return on equity of 24.63% and a net margin of 5.84%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. As a group, sell-side analysts expect that Caleres, Inc. will post 4.04 EPS for the current fiscal year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.88%. The ex-dividend date was Friday, September 13th. Caleres’s payout ratio is currently 5.93%.

Analyst Ratings Changes

CAL has been the subject of a number of recent research reports. Loop Capital lowered their target price on Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, September 13th. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.