Pacific Ridge Capital Partners LLC Increases Holdings in Caleres, Inc. (NYSE:CAL)

Pacific Ridge Capital Partners LLC boosted its position in Caleres, Inc. (NYSE:CAL - Free Report) by 148.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,076 shares of the textile maker's stock after buying an additional 29,900 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 0.15% of Caleres worth $863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 1,032 shares during the period. Canada Pension Plan Investment Board purchased a new position in Caleres during the fourth quarter valued at approximately $86,000. Golden State Wealth Management LLC lifted its holdings in Caleres by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 5,097 shares of the textile maker's stock valued at $88,000 after acquiring an additional 2,548 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Caleres by 33.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,424 shares of the textile maker's stock valued at $93,000 after acquiring an additional 1,359 shares during the period. Finally, GAMMA Investing LLC boosted its position in Caleres by 1,201.7% in the 1st quarter. GAMMA Investing LLC now owns 5,988 shares of the textile maker's stock worth $103,000 after purchasing an additional 5,528 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company's stock.

Analysts Set New Price Targets

Separately, Loop Capital cut their target price on shares of Caleres from $16.00 to $14.00 and set a "hold" rating for the company in a report on Friday, May 30th.

Caleres Stock Performance

CAL opened at $13.18 on Friday. The company has a fifty day moving average of $13.89 and a two-hundred day moving average of $15.85. The stock has a market capitalization of $445.44 million, a price-to-earnings ratio of 5.49 and a beta of 1.03. Caleres, Inc. has a fifty-two week low of $12.09 and a fifty-two week high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The textile maker reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.15). The business had revenue of $614.22 million during the quarter, compared to analysts' expectations of $622.93 million. Caleres had a net margin of 3.11% and a return on equity of 14.94%. Caleres's revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. On average, equities research analysts forecast that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 5th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.1%. Caleres's dividend payout ratio (DPR) is 11.67%.

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.

Want to see what other hedge funds are holding CAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caleres, Inc. (NYSE:CAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.