State of Alaska Department of Revenue Has $662,000 Holdings in Caleres, Inc. (NYSE:CAL)

State of Alaska Department of Revenue lifted its stake in Caleres, Inc. (NYSE:CAL) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,047 shares of the textile maker’s stock after buying an additional 628 shares during the period. State of Alaska Department of Revenue’s holdings in Caleres were worth $662,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Texas Permanent School Fund Corp raised its holdings in shares of Caleres by 1.2% in the 1st quarter. Texas Permanent School Fund Corp now owns 29,207 shares of the textile maker’s stock worth $1,198,000 after buying an additional 348 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Caleres by 2.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the textile maker’s stock worth $562,000 after buying an additional 400 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Caleres by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 29,394 shares of the textile maker’s stock worth $988,000 after buying an additional 409 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Caleres by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,743 shares of the textile maker’s stock valued at $563,000 after purchasing an additional 761 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Caleres during the 2nd quarter valued at $40,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on CAL. Loop Capital dropped their price target on Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, September 13th. StockNews.com cut Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd.

Caleres Stock Up 3.4 %

NYSE:CAL opened at $30.15 on Thursday. Caleres, Inc. has a 12-month low of $25.62 and a 12-month high of $44.51. The firm has a market capitalization of $1.06 billion, a P/E ratio of 6.53 and a beta of 1.93. The stock’s fifty day simple moving average is $33.28 and its 200-day simple moving average is $35.18.

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

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.28 annualized dividend and a yield of 0.93%. Caleres’s dividend payout ratio is presently 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.