Golden State Wealth Management LLC Purchases Shares of 2,549 Caleres, Inc. (NYSE:CAL)

Golden State Wealth Management LLC acquired a new position in shares of Caleres, Inc. (NYSE:CAL) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,549 shares of the textile maker’s stock, valued at approximately $59,000.

A number of other hedge funds have also made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in Caleres by 2.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the textile maker’s stock valued at $562,000 after purchasing an additional 400 shares during the last quarter. Franklin Resources Inc. increased its stake in Caleres by 1.7% in the third quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker’s stock valued at $908,000 after purchasing an additional 479 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Caleres by 3.2% in the third quarter. State of Alaska Department of Revenue now owns 20,047 shares of the textile maker’s stock valued at $662,000 after buying an additional 628 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Caleres by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 16,743 shares of the textile maker’s stock worth $563,000 after buying an additional 761 shares during the period. Finally, Quest Partners LLC grew its stake in shares of Caleres by 6.6% in the 3rd quarter. Quest Partners LLC now owns 14,028 shares of the textile maker’s stock valued at $464,000 after purchasing an additional 869 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Analysts Set New Price Targets

Separately, Loop Capital dropped their price objective on shares of Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

Insider Transactions at Caleres

In other news, Director Kyle Gendreau bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $19.93 per share, with a total value of $99,650.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $99,650. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.

Caleres Trading Up 4.4 %

Shares of CAL opened at $17.42 on Tuesday. The stock’s 50 day moving average is $22.38 and its two-hundred day moving average is $30.15. The firm has a market capitalization of $585.67 million, a PE ratio of 3.88 and a beta of 1.92. Caleres, Inc. has a twelve month low of $16.26 and a twelve month high of $44.51.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, December 5th. The textile maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The firm had revenue of $740.90 million for the quarter, compared to analysts’ expectations of $751.35 million. During the same period last year, the firm earned $1.37 EPS. Caleres’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.61%. Caleres’s dividend payout ratio (DPR) is 6.24%.

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.