Louisiana State Employees Retirement System Grows Stock Holdings in Caleres, Inc. (NYSE:CAL)

Louisiana State Employees Retirement System boosted its stake in Caleres, Inc. (NYSE:CAL) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the textile maker’s stock after acquiring an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Caleres were worth $562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Caleres by 0.8% during the first quarter. Vanguard Group Inc. now owns 3,160,116 shares of the textile maker’s stock worth $129,660,000 after acquiring an additional 26,214 shares during the period. American Century Companies Inc. increased its stake in shares of Caleres by 25.6% during the second quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker’s stock worth $30,302,000 after acquiring an additional 183,594 shares during the period. Millennium Management LLC increased its stake in shares of Caleres by 58.8% during the second quarter. Millennium Management LLC now owns 221,082 shares of the textile maker’s stock worth $7,428,000 after acquiring an additional 81,836 shares during the period. Great Lakes Advisors LLC increased its stake in shares of Caleres by 69.6% during the second quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock worth $6,513,000 after acquiring an additional 79,581 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Caleres by 8.2% during the first quarter. Empowered Funds LLC now owns 118,182 shares of the textile maker’s stock worth $4,849,000 after acquiring an additional 8,925 shares during the period. 98.44% of the stock is owned by hedge funds and other institutional investors.

Caleres Price Performance

Shares of NYSE CAL opened at $29.17 on Wednesday. Caleres, Inc. has a 12-month low of $25.62 and a 12-month high of $44.51. The company has a market capitalization of $1.03 billion, a PE ratio of 6.31 and a beta of 1.93. The firm’s 50-day moving average is $33.52 and its two-hundred day moving average is $35.22.

Caleres (NYSE:CAL) last announced its quarterly earnings data 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 firm had revenue of $683.30 million for the quarter, compared to analysts’ expectations of $723.80 million. Caleres had a net margin of 5.84% and a return on equity of 24.63%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. On average, analysts forecast that Caleres, Inc. will post 4.04 EPS for the current fiscal year.

Caleres Announces Dividend

The company also recently disclosed 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. This represents a $0.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, September 13th. Caleres’s payout ratio is 6.06%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital lowered 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, September 13th.

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.