nVerses Capital LLC Grows Stock Holdings in Caleres, Inc. (NYSE:CAL)

nVerses Capital LLC grew its holdings in shares of Caleres, Inc. (NYSE:CAL) by 125.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,700 shares of the textile maker’s stock after acquiring an additional 1,500 shares during the period. nVerses Capital LLC’s holdings in Caleres were worth $89,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CAL. Vanguard Group Inc. lifted its holdings in shares of Caleres by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 3,133,902 shares of the textile maker’s stock valued at $96,305,000 after purchasing an additional 17,567 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in Caleres in the 1st quarter worth approximately $1,641,000. Mutual of America Capital Management LLC purchased a new position in Caleres in the 1st quarter worth approximately $236,000. Texas Permanent School Fund Corp raised its holdings in Caleres by 1.2% in the 1st 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 raised its holdings in Caleres by 792.6% in the 1st 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. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Caleres Price Performance

NYSE CAL opened at $33.11 on Monday. The business’s fifty day moving average price is $36.23 and its 200-day moving average price is $35.73. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 7.01 and a beta of 1.91. Caleres, Inc. has a 1-year low of $24.71 and a 1-year high of $44.51.

Caleres (NYSE:CAL) last released its quarterly earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share 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%. Caleres’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. Equities research analysts anticipate that Caleres, Inc. will post 4.04 EPS for the current year.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.85%. Caleres’s dividend payout ratio (DPR) is 5.93%.

Analyst Ratings Changes

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

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.