Hodges Capital Management Inc. Buys Shares of 134,835 Caleres Inc (CAL)

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Hodges Capital Management Inc. bought a new stake in Caleres Inc (NYSE:CAL) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 134,835 shares of the textile maker’s stock, valued at approximately $4,835,000. Hodges Capital Management Inc. owned about 0.31% of Caleres at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in Caleres by 30.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 34,528 shares of the textile maker’s stock worth $1,238,000 after purchasing an additional 7,981 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Caleres by 100.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 28,370 shares of the textile maker’s stock worth $997,000 after purchasing an additional 14,185 shares during the last quarter. First Trust Advisors LP grew its position in Caleres by 19.8% during the 3rd quarter. First Trust Advisors LP now owns 65,496 shares of the textile maker’s stock worth $2,349,000 after purchasing an additional 10,817 shares during the last quarter. Alpha Windward LLC purchased a new position in Caleres during the 3rd quarter worth $525,000. Finally, Dalton Greiner Hartman Maher & Co. grew its position in Caleres by 12.9% during the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 622,567 shares of the textile maker’s stock worth $22,325,000 after purchasing an additional 71,315 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Diane M. Sullivan sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $38.28, for a total value of $765,600.00. Following the completion of the sale, the chief executive officer now owns 473,534 shares in the company, valued at approximately $18,126,881.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Diane M. Sullivan sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $37.33, for a total transaction of $373,300.00. Following the completion of the sale, the chief executive officer now owns 465,303 shares of the company’s stock, valued at approximately $17,369,760.99. The disclosure for this sale can be found here. Insiders sold a total of 40,000 shares of company stock valued at $1,518,900 in the last 90 days. Company insiders own 5.60% of the company’s stock.

Several research analysts have issued reports on CAL shares. Wedbush raised their price objective on shares of Caleres from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 29th. Loop Capital set a $37.00 price objective on shares of Caleres and gave the stock a “hold” rating in a research report on Tuesday, September 4th. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Friday, August 31st. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, Macquarie raised their price objective on shares of Caleres from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $39.50.

CAL stock opened at $33.73 on Tuesday. Caleres Inc has a one year low of $26.54 and a one year high of $41.09. The firm has a market capitalization of $1.43 billion, a PE ratio of 15.62 and a beta of 0.90. The company has a quick ratio of 0.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.27.

Caleres (NYSE:CAL) last released its earnings results on Tuesday, September 4th. The textile maker reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). Caleres had a return on equity of 13.94% and a net margin of 3.39%. The firm had revenue of $706.61 million during the quarter, compared to analyst estimates of $709.15 million. During the same quarter last year, the business posted $0.48 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts expect that Caleres Inc will post 2.5 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 17th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, September 14th. Caleres’s dividend payout ratio (DPR) is presently 12.96%.

About Caleres

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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