Carolina Wealth Advisors LLC Sells 2,124 Shares of Caleres, Inc. (NYSE:CAL)

Carolina Wealth Advisors LLC trimmed its position in Caleres, Inc. (NYSE:CAL) by 8.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,442 shares of the textile maker’s stock after selling 2,124 shares during the period. Carolina Wealth Advisors LLC owned approximately 0.07% of Caleres worth $775,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Caleres during the second quarter worth $40,000. SG Americas Securities LLC acquired a new stake in shares of Caleres in the 1st quarter worth about $117,000. Shell Asset Management Co. bought a new position in Caleres in the 1st quarter valued at about $156,000. Creative Planning bought a new position in Caleres in the 3rd quarter valued at about $204,000. Finally, AXA S.A. boosted its stake in Caleres by 28.5% during the 2nd quarter. AXA S.A. now owns 6,939 shares of the textile maker’s stock valued at $233,000 after purchasing an additional 1,540 shares during the last quarter. 98.44% of the stock is owned by institutional investors.

Caleres Price Performance

Shares of NYSE CAL traded down $2.19 during midday trading on Monday, reaching $30.92. The company’s stock had a trading volume of 221,182 shares, compared to its average volume of 539,118. The stock has a market capitalization of $1.09 billion, a P/E ratio of 6.57 and a beta of 1.91. The firm has a 50 day moving average price of $36.23 and a 200-day moving average price of $35.73. Caleres, Inc. has a 12-month low of $24.71 and a 12-month high of $44.51.

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

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, September 13th. Caleres’s payout ratio is 5.93%.

Analysts Set New Price Targets

CAL has been the subject of several analyst reports. Loop Capital lowered their price objective on Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, September 13th. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

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.