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 shares of Caleres, Inc. (NYSE:CAL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 126,587 shares of the textile maker’s stock, valued at approximately $4,184,000.

Several other hedge funds have also added to or reduced their stakes in CAL. Intech Investment Management LLC purchased a new position in shares of Caleres in the third quarter worth $472,000. Quest Partners LLC lifted its stake in Caleres by 6.6% during the 3rd quarter. Quest Partners LLC now owns 14,028 shares of the textile maker’s stock valued at $464,000 after acquiring an additional 869 shares during the period. Royce & Associates LP boosted its holdings in shares of Caleres by 13.8% during the 3rd quarter. Royce & Associates LP now owns 631,810 shares of the textile maker’s stock valued at $20,881,000 after acquiring an additional 76,837 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Caleres by 23.6% during the third quarter. Victory Capital Management Inc. now owns 76,577 shares of the textile maker’s stock valued at $2,531,000 after purchasing an additional 14,618 shares during the last quarter. Finally, Olympiad Research LP lifted its position in Caleres by 37.3% during the third quarter. Olympiad Research LP now owns 10,530 shares of the textile maker’s stock valued at $348,000 after purchasing an additional 2,859 shares during the period. 98.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Loop Capital lowered their price objective on shares of Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, September 13th.

Caleres Stock Down 0.0 %

Caleres stock opened at $29.75 on Thursday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 6.44 and a beta of 1.93. The firm’s fifty day moving average is $31.59 and its 200 day moving average is $34.78. Caleres, Inc. has a 52-week low of $27.67 and a 52-week high of $44.51.

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

Caleres Announces Dividend

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

About Caleres

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.