Choreo LLC Makes New Investment in Caleres, Inc. (NYSE:CAL)

Choreo LLC acquired a new stake in shares of Caleres, Inc. (NYSE:CAL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 18,603 shares of the textile maker’s stock, valued at approximately $606,000.

Several other institutional investors have also recently made changes to their positions in the company. Capstone Investment Advisors LLC purchased a new position in Caleres in the 1st quarter worth approximately $1,641,000. LSV Asset Management raised its stake in shares of Caleres by 792.6% in the first quarter. LSV Asset Management now owns 67,100 shares of the textile maker’s stock worth $2,753,000 after purchasing an additional 59,583 shares during the last quarter. Foundry Partners LLC bought a new position in shares of Caleres during the second quarter valued at $500,000. Caxton Associates LP purchased a new stake in shares of Caleres during the first quarter valued at $1,153,000. Finally, Great Lakes Advisors LLC increased its holdings in 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 buying an additional 79,581 shares in the last quarter. Institutional investors own 98.44% of the company’s stock.

Insider Buying and Selling at Caleres

In related news, insider Diane M. Sullivan sold 19,764 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $33.66, for a total value of $665,256.24. Following the sale, the insider now directly owns 173,816 shares in the company, valued at $5,850,646.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Diane M. Sullivan sold 19,764 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $33.66, for a total value of $665,256.24. Following the sale, the insider now owns 173,816 shares in the company, valued at $5,850,646.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carla C. Hendra sold 5,349 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $33.07, for a total transaction of $176,891.43. The disclosure for this sale can be found here. Insiders sold 42,181 shares of company stock valued at $1,447,208 in the last 90 days. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Caleres from a “buy” rating to a “hold” rating in a report on Wednesday. Loop Capital dropped their target price on shares of Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday.

Caleres Trading Up 5.4 %

CAL opened at $31.80 on Friday. Caleres, Inc. has a 12-month low of $24.71 and a 12-month high of $44.51. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 6.74 and a beta of 1.93. The company’s 50 day moving average is $37.48 and its 200 day moving average is $36.86.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.37). Caleres had a return on equity of 27.32% and a net margin of 5.97%. The firm had revenue of $683.30 million during the quarter, compared to the consensus estimate of $723.80 million. During the same quarter in the previous year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts predict that Caleres, Inc. will post 4.4 EPS for the current fiscal year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, September 13th. Caleres’s payout ratio is currently 5.93%.

Caleres Company 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.