Healthcare of Ontario Pension Plan Trust Fund Invests $972,000 in Caleres, Inc. (NYSE:CAL)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Caleres, Inc. (NYSE:CAL) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 29,400 shares of the textile maker’s stock, valued at approximately $972,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.08% of Caleres as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Pacer Advisors Inc. bought a new position in Caleres in the third quarter valued at approximately $49,783,000. FMR LLC lifted its position in Caleres by 30.1% in the 3rd quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock valued at $30,735,000 after acquiring an additional 215,372 shares in the last quarter. American Century Companies Inc. boosted its stake in Caleres by 25.6% in the 2nd quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker’s stock worth $30,302,000 after purchasing an additional 183,594 shares during the period. Landscape Capital Management L.L.C. acquired a new position in Caleres in the 3rd quarter worth $4,184,000. Finally, Millennium Management LLC increased its holdings in Caleres by 58.8% during the 2nd quarter. Millennium Management LLC now owns 221,082 shares of the textile maker’s stock worth $7,428,000 after purchasing an additional 81,836 shares in the last quarter. 98.44% of the stock is owned by institutional investors.

Caleres Price Performance

Shares of NYSE CAL opened at $32.35 on Tuesday. The business has a 50-day moving average of $31.31 and a 200-day moving average of $34.34. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.00 and a beta of 1.93. Caleres, Inc. has a fifty-two week low of $27.67 and a fifty-two week high of $44.51.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.37). Caleres had a net margin of 5.84% and a return on equity of 24.63%. The company had revenue of $683.30 million during the quarter, compared to the consensus estimate of $723.80 million. During the same quarter in the prior year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts expect that Caleres, Inc. will post 4.01 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Loop Capital decreased their price objective on Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, September 13th. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd.

About Caleres

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.