O Shaughnessy Asset Management LLC Raises Stake in Caleres Inc (NYSE:CAL)

O Shaughnessy Asset Management LLC lifted its holdings in Caleres Inc (NYSE:CAL) by 62.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,931 shares of the textile maker’s stock after acquiring an additional 6,484 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Caleres were worth $418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Financial Partners Inc. purchased a new stake in shares of Caleres in the 1st quarter worth about $71,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Caleres by 52.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,272 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 1,123 shares during the last quarter. Cambria Investment Management L.P. purchased a new stake in Caleres during the 1st quarter valued at about $118,000. Quantamental Technologies LLC grew its position in Caleres by 2,466.8% during the 1st quarter. Quantamental Technologies LLC now owns 5,185 shares of the textile maker’s stock valued at $128,000 after purchasing an additional 4,983 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Caleres by 937.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,681 shares of the textile maker’s stock valued at $239,000 after purchasing an additional 8,748 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

NYSE CAL traded up $0.04 on Friday, reaching $19.92. 821,800 shares of the stock were exchanged, compared to its average volume of 618,649. Caleres Inc has a one year low of $18.00 and a one year high of $41.09. The firm has a market cap of $846.09 million, a price-to-earnings ratio of 9.01 and a beta of 0.95. The firm’s 50-day moving average price is $20.77. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.97 and a quick ratio of 0.26.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Monday, June 3rd. The textile maker reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Caleres had a negative net margin of 0.47% and a positive return on equity of 13.16%. The business had revenue of $677.80 million during the quarter, compared to analyst estimates of $672.90 million. During the same period last year, the firm posted $0.43 EPS. The company’s revenue was up 7.2% on a year-over-year basis. As a group, research analysts predict that Caleres Inc will post 2.4 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, June 14th. Caleres’s dividend payout ratio (DPR) is currently 12.67%.

Several analysts recently commented on CAL shares. Macquarie set a $38.00 price objective on shares of Caleres and gave the company a “buy” rating in a research report on Friday, March 22nd. ValuEngine cut shares of Caleres from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Needham & Company LLC upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Monday, April 22nd. Finally, Wedbush reiterated an “outperform” rating on shares of Caleres in a research note on Tuesday, March 12th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company. Caleres presently has an average rating of “Hold” and an average price target of $37.80.

Caleres Profile

Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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