Paradigm Capital Management Inc. NY raised its stake in Caleres, Inc. (NYSE:CAL) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 939,900 shares of the textile maker’s stock after acquiring an additional 28,800 shares during the period. Caleres makes up 2.5% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 7th biggest position. Paradigm Capital Management Inc. NY owned approximately 2.19% of Caleres worth $28,685,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAL. Pacad Investment Ltd. purchased a new stake in shares of Caleres in the second quarter worth $142,000. YorkBridge Wealth Partners LLC bought a new position in shares of Caleres during the third quarter valued at $183,000. LaSalle Street Capital Management LLC bought a new position in shares of Caleres during the second quarter valued at $201,000. Chevy Chase Trust Holdings Inc. bought a new position in shares of Caleres during the second quarter valued at $204,000. Finally, Verition Fund Management LLC bought a new position in shares of Caleres during the second quarter valued at $229,000. 88.24% of the stock is currently owned by hedge funds and other institutional investors.
Caleres, Inc. (NYSE:CAL) traded up $0.41 during mid-day trading on Friday, reaching $28.62. The company’s stock had a trading volume of 161,300 shares, compared to its average volume of 285,512. Caleres, Inc. has a 52 week low of $22.39 and a 52 week high of $36.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.38 and a current ratio of 1.57. The company has a market capitalization of $1,229.69, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 1.18 and a beta of 1.04.
Caleres (NYSE:CAL) last posted its earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Caleres had a return on equity of 13.80% and a net margin of 2.26%. The company had revenue of $677.00 million for the quarter, compared to the consensus estimate of $668.85 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. Caleres’s revenue was up 8.7% on a year-over-year basis. sell-side analysts anticipate that Caleres, Inc. will post 2.2 EPS for the current year.
In other news, SVP Douglas Koch sold 33,400 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $30.03, for a total value of $1,003,002.00. Following the transaction, the senior vice president now owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is owned by company insiders.
A number of research analysts have recently issued reports on the company. BidaskClub downgraded Caleres from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research downgraded Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Macquarie reaffirmed an “outperform” rating and set a $37.00 price target on shares of Caleres in a report on Sunday, October 1st. Finally, TheStreet raised Caleres from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $33.00.
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Caleres Company Profile
Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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