SG Americas Securities LLC Purchases 113,426 Shares of Caleres, Inc. $CAL

Key Points

• SG Americas Securities LLC boosted its Caleres stake by 229.1%, buying 113,426 shares to own 162,932 shares (about 0.48% of the company) valued at roughly $1.98 million, while institutional investors collectively own about 98.44% of the stock.
• Sell-side coverage is mixed but leans negative with a consensus rating of Reduce and an average price target of $14; Seaport lifted its target to $16 with a buy, Weiss kept a sell, and Zacks moved to hold.
• Caleres slightly beat quarterly EPS estimates (‑$0.36 vs. ‑$0.40) with revenue up 8.7%, and declared a quarterly dividend of $0.07 (annualized $0.28, ~2.6% yield).

SG Americas Securities LLC increased its position in Caleres, Inc. (NYSE:CAL - Free Report) by 229.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,932 shares of the textile maker's stock after purchasing an additional 113,426 shares during the quarter. SG Americas Securities LLC owned approximately 0.48% of Caleres worth $1,983,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CAL. AQR Capital Management LLC raised its stake in shares of Caleres by 143.2% in the 1st quarter. AQR Capital Management LLC now owns 90,546 shares of the textile maker's stock valued at $1,560,000 after buying an additional 53,320 shares in the last quarter. Empowered Funds LLC increased its stake in Caleres by 4.2% in the first quarter. Empowered Funds LLC now owns 162,814 shares of the textile maker's stock valued at $2,805,000 after acquiring an additional 6,502 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Caleres by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,137 shares of the textile maker's stock valued at $1,812,000 after acquiring an additional 4,175 shares during the period. Franklin Resources Inc. raised its position in Caleres by 5.6% in the second quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker's stock worth $231,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Caleres by 2.4% during the second quarter. Rhumbline Advisers now owns 99,677 shares of the textile maker's stock worth $1,218,000 after purchasing an additional 2,352 shares during the period. Institutional investors and hedge funds own 98.44% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CAL. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Caleres in a report on Wednesday, January 21st. Zacks Research upgraded Caleres from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 26th. Finally, Seaport Research Partners increased their price objective on Caleres from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $14.00.

Caleres Price Performance

Shares of CAL opened at $10.71 on Monday. The company has a market capitalization of $363.07 million, a P/E ratio of -48.68 and a beta of 0.58. Caleres, Inc. has a one year low of $8.80 and a one year high of $18.27. The business's 50 day simple moving average is $11.42 and its 200-day simple moving average is $12.21.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The textile maker reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.04. The firm had revenue of $695.06 million during the quarter, compared to the consensus estimate of $688.43 million. Caleres had a positive return on equity of 6.49% and a negative net margin of 0.24%.The business's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. On average, sell-side analysts anticipate that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, March 26th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.28 annualized dividend and a yield of 2.6%. Caleres's dividend payout ratio is -127.27%.

Caleres Profile

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company's operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.

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