Rhumbline Advisers Sells 1,579 Shares of Caleres, Inc. (NYSE:CAL)

Rhumbline Advisers lessened its stake in Caleres, Inc. (NYSE:CAL) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,705 shares of the textile maker’s stock after selling 1,579 shares during the period. Rhumbline Advisers owned approximately 0.31% of Caleres worth $3,652,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new position in shares of Caleres during the 2nd quarter worth $40,000. SG Americas Securities LLC bought a new stake in Caleres in the 1st quarter valued at $117,000. Shell Asset Management Co. bought a new stake in shares of Caleres in the 1st quarter worth about $156,000. Assetmark Inc. raised its position in shares of Caleres by 7.9% during the 4th quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock valued at $184,000 after buying an additional 440 shares in the last quarter. Finally, BlackDiamond Wealth Management LLC purchased a new stake in shares of Caleres during the 4th quarter valued at about $218,000. Institutional investors own 98.44% of the company’s stock.

Insider Buying and Selling at Caleres

In other news, insider Diane M. Sullivan sold 17,068 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the sale, the insider now directly owns 150,449 shares of the company’s stock, valued at approximately $5,333,417.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Diane M. Sullivan sold 17,068 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total transaction of $605,060.60. Following the sale, the insider now directly owns 150,449 shares of the company’s stock, valued at approximately $5,333,417.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carla C. Hendra sold 5,349 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was 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. 3.80% of the stock is currently owned by company insiders.

Caleres Stock Performance

CAL opened at $32.27 on Tuesday. Caleres, Inc. has a fifty-two week low of $24.71 and a fifty-two week high of $44.51. The company has a fifty day moving average of $37.47 and a two-hundred day moving average of $36.81. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 6.84 and a beta of 1.93.

Caleres (NYSE:CAL) last announced its 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 during the quarter, compared to analyst estimates of $723.80 million. Caleres had a net margin of 5.97% and a return on equity of 27.32%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS. On average, equities research analysts forecast that Caleres, Inc. will post 4.4 earnings per share for the current year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.28 annualized dividend and a yield of 0.87%. Caleres’s payout ratio is 5.93%.

Analysts Set New Price Targets

CAL has been the topic of several recent research reports. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Loop Capital reduced their target price on shares of Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday.

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.