Caxton Associates LP Has $791,000 Position in Caleres, Inc. (NYSE:CAL)

Caxton Associates LP cut its holdings in shares of Caleres, Inc. (NYSE:CAL) by 16.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,553 shares of the textile maker’s stock after selling 4,541 shares during the period. Caxton Associates LP’s holdings in Caleres were worth $791,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Caleres by 25.6% during 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 last quarter. Quantedge Capital Pte Ltd bought a new position in Caleres during the 4th quarter worth approximately $3,697,000. Great Lakes Advisors LLC lifted its position in shares of Caleres by 69.6% in the 2nd quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock worth $6,513,000 after purchasing an additional 79,581 shares during the period. Leuthold Group LLC bought a new stake in shares of Caleres in the 2nd quarter valued at $2,391,000. Finally, LSV Asset Management raised 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 buying an additional 59,583 shares during the last quarter. 98.44% of the stock is owned by institutional investors.

Caleres Stock Up 3.3 %

Shares of NYSE CAL opened at $33.34 on Friday. Caleres, Inc. has a 12-month low of $24.71 and a 12-month high of $44.51. The firm has a market cap of $1.17 billion, a PE ratio of 7.06 and a beta of 1.93. The company’s fifty day simple moving average is $37.40 and its 200 day simple moving average is $36.54.

Caleres (NYSE:CAL) last released 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 firm had revenue of $683.30 million for the quarter, compared to the consensus estimate of $723.80 million. Caleres had a net margin of 5.84% and a return on equity of 24.63%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, equities analysts predict that Caleres, Inc. will post 4.04 earnings per share for the current year.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, September 13th. Caleres’s dividend payout ratio is currently 5.93%.

Insider Transactions at Caleres

In related news, insider Diane M. Sullivan sold 17,068 shares of the firm’s stock in a transaction dated 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 owns 150,449 shares of the company’s stock, valued at approximately $5,333,417.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $176,891.43. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Diane M. Sullivan sold 17,068 shares of Caleres stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $35.45, for a total value of $605,060.60. Following the sale, the insider now owns 150,449 shares in the company, valued at $5,333,417.05. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on CAL shares. Loop Capital cut their price target on shares of Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. StockNews.com raised Caleres from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th.

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.