19,405 Shares in Caleres, Inc. $CAL Bought by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 19,405 shares of Caleres, Inc. for approximately $237,000 in the 2nd quarter, bringing their ownership to around 0.06% of the company.
• Caleres reported $0.35 earnings per share for the last quarter, which was below the consensus estimate of $0.51, and had a 3.6% decrease in revenue over the same period last year.
• The company declared a quarterly dividend of $0.07 per share, with an annualized dividend yield of 2.0%, set to be paid on September 26th.

Counterpoint Mutual Funds LLC purchased a new position in shares of Caleres, Inc. (NYSE:CAL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,405 shares of the textile maker's stock, valued at approximately $237,000. Counterpoint Mutual Funds LLC owned approximately 0.06% of Caleres at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Caleres by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,448 shares of the textile maker's stock valued at $450,000 after purchasing an additional 643 shares during the period. SummerHaven Investment Management LLC grew its stake in Caleres by 3.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 24,569 shares of the textile maker's stock valued at $423,000 after purchasing an additional 785 shares during the period. GAMMA Investing LLC grew its stake in Caleres by 15.3% in the 2nd quarter. GAMMA Investing LLC now owns 6,903 shares of the textile maker's stock valued at $84,000 after purchasing an additional 915 shares during the period. Versant Capital Management Inc grew its stake in Caleres by 244.0% in the 1st quarter. Versant Capital Management Inc now owns 1,455 shares of the textile maker's stock valued at $25,000 after purchasing an additional 1,032 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Caleres by 33.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,424 shares of the textile maker's stock valued at $93,000 after purchasing an additional 1,359 shares during the period. Institutional investors own 98.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CAL shares. Loop Capital reduced their price objective on Caleres from $16.00 to $14.00 and set a "hold" rating for the company in a research note on Friday, May 30th. Zacks Research downgraded Caleres from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Caleres presently has a consensus rating of "Reduce" and a consensus price target of $14.00.

Caleres Stock Performance

CAL stock opened at $13.95 on Thursday. The company has a market capitalization of $472.07 million, a price-to-earnings ratio of 7.97 and a beta of 1.08. Caleres, Inc. has a fifty-two week low of $12.09 and a fifty-two week high of $34.38. The stock has a fifty day moving average of $14.73 and a 200-day moving average of $15.01.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.16). The firm had revenue of $658.52 million for the quarter, compared to the consensus estimate of $656.93 million. Caleres had a return on equity of 11.91% and a net margin of 2.26%.The firm's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. Equities analysts predict that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, September 12th. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. Caleres's dividend payout ratio is presently 16.00%.

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.

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