Landscape Capital Management L.L.C. Invests $4.18 Million in Caleres, Inc. (NYSE:CAL)

Landscape Capital Management L.L.C. acquired a new stake in Caleres, Inc. (NYSE:CAL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 126,587 shares of the textile maker’s stock, valued at approximately $4,184,000. Landscape Capital Management L.L.C. owned 0.36% of Caleres as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Caleres in the 2nd quarter valued at about $40,000. SG Americas Securities LLC acquired a new stake in shares of Caleres during the first quarter worth $117,000. Shell Asset Management Co. bought a new position in Caleres during the first quarter worth $156,000. Creative Planning bought a new stake in Caleres during the third quarter valued at $204,000. Finally, AXA S.A. boosted its position in shares of 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 in the last quarter. 98.44% of the stock is owned by institutional investors.

Caleres Trading Down 0.0 %

Shares of CAL opened at $29.75 on Thursday. The stock has a 50 day moving average of $31.59 and a 200 day moving average of $34.78. Caleres, Inc. has a 12 month low of $27.67 and a 12 month high of $44.51. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.44 and a beta of 1.93.

Caleres (NYSE:CAL) last released its earnings results on Thursday, September 12th. The textile maker reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.37). The business had revenue of $683.30 million for 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 company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, equities research analysts predict that Caleres, Inc. will post 4.04 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, September 13th. Caleres’s payout ratio is 6.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CAL shares. StockNews.com lowered shares of Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Loop Capital cut their price target on Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, September 13th.

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.