The Manufacturers Life Insurance Company Raises Stock Position in Caleres, Inc. (NYSE:CAL)

The Manufacturers Life Insurance Company boosted its holdings in Caleres, Inc. (NYSE:CAL) by 4.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,743 shares of the textile maker’s stock after purchasing an additional 761 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Caleres were worth $563,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. nVerses Capital LLC acquired a new position in shares of Caleres during the 2nd quarter worth approximately $40,000. SG Americas Securities LLC acquired a new position in Caleres during the 1st quarter worth $117,000. Shell Asset Management Co. acquired a new position in shares of Caleres in the 1st quarter worth approximately $156,000. AXA S.A. raised its stake in Caleres by 28.5% during the second quarter. AXA S.A. now owns 6,939 shares of the textile maker’s stock worth $233,000 after acquiring an additional 1,540 shares during the period. Finally, Mutual of America Capital Management LLC acquired a new stake in Caleres in the first quarter worth $236,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on CAL shares. Loop Capital dropped 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 cut Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

Insiders Place Their Bets

In other Caleres news, 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 value of $605,060.60. Following the completion of the transaction, the insider now directly owns 150,449 shares of the company’s stock, valued at approximately $5,333,417.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.80% of the company’s stock.

Caleres Trading Up 1.9 %

CAL opened at $33.16 on Wednesday. The stock’s 50 day simple moving average is $36.35 and its 200-day simple moving average is $35.84. The stock has a market cap of $1.16 billion, a PE ratio of 7.02 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 posted its quarterly earnings data 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). Caleres had a return on equity of 24.63% and a net margin of 5.84%. The firm had revenue of $683.30 million for the quarter, compared to analyst estimates of $723.80 million. During the same period in the previous year, the business posted $0.98 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts forecast that Caleres, Inc. will post 4.04 earnings per share for the current fiscal year.

Caleres Dividend Announcement

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

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.