Caleres, Inc. (NYSE:CAL) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in Caleres, Inc. (NYSE:CAL) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,047 shares of the textile maker’s stock after buying an additional 628 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Caleres worth $662,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Texas Permanent School Fund Corp lifted its holdings in shares of Caleres by 1.2% in the first quarter. Texas Permanent School Fund Corp now owns 29,207 shares of the textile maker’s stock valued at $1,198,000 after buying an additional 348 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Caleres by 2.4% during the third quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the textile maker’s stock worth $562,000 after purchasing an additional 400 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Caleres by 1.4% during the second quarter. SummerHaven Investment Management LLC now owns 29,394 shares of the textile maker’s stock worth $988,000 after purchasing an additional 409 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Caleres by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 16,743 shares of the textile maker’s stock worth $563,000 after purchasing an additional 761 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Caleres during the second quarter worth $40,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Loop Capital cut their target price on 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 lowered Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

Caleres Price Performance

Shares of CAL stock opened at $30.15 on Thursday. Caleres, Inc. has a fifty-two week low of $25.62 and a fifty-two week high of $44.51. The stock’s 50-day moving average is $33.28 and its two-hundred day moving average is $35.18. The firm has a market cap of $1.06 billion, a P/E ratio of 6.53 and a beta of 1.93.

Caleres (NYSE:CAL) last released 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 for 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 business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. As a group, research analysts expect that Caleres, Inc. will post 4.04 EPS for the current year.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, September 13th. This represents a $0.28 annualized dividend and a yield of 0.93%. Caleres’s payout ratio is 6.06%.

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.