YorkBridge Wealth Partners LLC Acquires Shares of 6,000 Caleres, Inc. (CAL)
YorkBridge Wealth Partners LLC acquired a new stake in Caleres, Inc. (NYSE:CAL) during the third quarter, according to its most recent filing with the SEC. The firm acquired 6,000 shares of the textile maker’s stock, valued at approximately $183,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Pacad Investment Ltd. acquired a new stake in Caleres during the 2nd quarter worth $142,000. LaSalle Street Capital Management LLC acquired a new stake in Caleres during the 2nd quarter worth $201,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Caleres during the 2nd quarter worth $204,000. Karp Capital Management Corp acquired a new stake in Caleres during the 1st quarter worth $225,000. Finally, Verition Fund Management LLC acquired a new stake in Caleres during the 2nd quarter worth $229,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.
A number of equities analysts have issued reports on CAL shares. Macquarie reiterated an “outperform” rating and set a $37.00 target price on shares of Caleres in a report on Sunday, October 1st. Zacks Investment Research upgraded Caleres from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, September 27th. BidaskClub cut Caleres from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, TheStreet upgraded Caleres from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Caleres currently has a consensus rating of “Buy” and an average target price of $33.00.
Shares of Caleres, Inc. (NYSE:CAL) traded down 2.351% during midday trading on Tuesday, reaching $27.615. 261,737 shares of the company’s stock traded hands. The firm has a market cap of $1.19 billion, a PE ratio of 19.599 and a beta of 1.07. The stock has a 50-day moving average price of $29.38 and a 200 day moving average price of $27.43. Caleres, Inc. has a 12 month low of $22.39 and a 12 month high of $36.61.
Caleres (NYSE:CAL) last released its earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The firm had revenue of $677.00 million during the quarter, compared to the consensus estimate of $668.85 million. During the same period in the prior year, the firm earned $0.46 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts predict that Caleres, Inc. will post $2.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 18th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, September 15th. Caleres’s dividend payout ratio is currently 19.86%.
In other news, SVP Douglas Koch sold 33,400 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the completion of the transaction, the senior vice president now directly owns 103,837 shares of the company’s stock, valued at approximately $3,118,225.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by corporate insiders.
Caleres Company Profile
Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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