Caleres, Inc. (NYSE:CAL) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in Caleres, Inc. (NYSE:CAL) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 78,281 shares of the textile maker’s stock after purchasing an additional 1,676 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Caleres were worth $2,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CAL. American Century Companies Inc. increased its position in Caleres by 25.6% during the 2nd quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker’s stock worth $30,302,000 after purchasing an additional 183,594 shares in the last quarter. Millennium Management LLC increased its position in Caleres by 58.8% during the 2nd quarter. Millennium Management LLC now owns 221,082 shares of the textile maker’s stock worth $7,428,000 after purchasing an additional 81,836 shares in the last quarter. Great Lakes Advisors LLC increased its position in Caleres by 69.6% during the 2nd quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock worth $6,513,000 after purchasing an additional 79,581 shares in the last quarter. Leuthold Group LLC acquired a new stake in Caleres during the 2nd quarter worth approximately $2,391,000. Finally, LSV Asset Management increased its position in Caleres by 792.6% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CAL shares. StockNews.com downgraded shares of Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital lowered their price objective on shares of Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, September 13th.

Caleres Stock Performance

CAL stock opened at $31.28 on Tuesday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 6.77 and a beta of 1.93. Caleres, Inc. has a 1 year low of $25.68 and a 1 year high of $44.51. The stock’s fifty day moving average is $32.78 and its two-hundred day moving average is $35.08.

Caleres (NYSE:CAL) last issued its quarterly earnings results on Thursday, September 12th. The textile maker reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.37). The business had revenue of $683.30 million for the quarter, compared to analyst estimates of $723.80 million. Caleres had a net margin of 5.84% and a return on equity of 24.63%. Caleres’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. As a group, analysts predict that Caleres, Inc. will post 4.04 EPS for the current fiscal year.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.07 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.28 dividend on an annualized basis and a yield of 0.90%. Caleres’s dividend payout ratio is currently 6.06%.

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.