Texas Permanent School Fund Corp Has $1.02 Million Holdings in Caleres, Inc. (NYSE:CAL)

Texas Permanent School Fund Corp raised its stake in Caleres, Inc. (NYSE:CAL) by 4.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 30,480 shares of the textile maker’s stock after buying an additional 1,273 shares during the period. Texas Permanent School Fund Corp’s holdings in Caleres were worth $1,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantedge Capital Pte Ltd acquired a new stake in shares of Caleres in the 4th quarter valued at approximately $3,697,000. Great Lakes Advisors LLC increased its stake in Caleres by 69.6% in the second quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock valued at $6,513,000 after purchasing an additional 79,581 shares in the last quarter. LSV Asset Management raised its holdings in Caleres by 792.6% in the first quarter. LSV Asset Management now owns 67,100 shares of the textile maker’s stock worth $2,753,000 after purchasing an additional 59,583 shares during the period. Rothschild Investment LLC acquired a new stake in Caleres in the second quarter worth $1,754,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Caleres during the first quarter worth $1,641,000. Institutional investors own 98.44% of the company’s stock.

Caleres Stock Down 0.1 %

Caleres stock opened at $33.48 on Friday. The company has a 50 day moving average of $37.51 and a 200-day moving average of $36.68. Caleres, Inc. has a twelve month low of $24.71 and a twelve month high of $44.51. The stock has a market capitalization of $1.18 billion, a PE ratio of 7.09 and a beta of 1.93.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, September 12th. The textile maker reported $0.85 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 net margin of 5.97% and a return on equity of 27.32%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. Equities analysts anticipate that Caleres, Inc. will post 4.4 EPS for the current fiscal year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, September 13th. Caleres’s dividend payout ratio is presently 5.93%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CAL shares. StockNews.com upgraded shares of Caleres from a “hold” rating to a “buy” rating in a research report on Thursday. Loop Capital lowered their price target on Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, September 13th.

Insider Buying and Selling at Caleres

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

Caleres 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.