Alpha Windward LLC Takes Position in Caleres, Inc. (NYSE:CAL)

Alpha Windward LLC bought a new stake in shares of Caleres, Inc. (NYSE:CAL) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 18,240 shares of the textile maker’s stock, valued at approximately $507,000.

Other large investors have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of Caleres by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the textile maker’s stock valued at $125,000 after buying an additional 60 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Caleres during the second quarter valued at approximately $204,000. Quantbot Technologies LP purchased a new stake in shares of Caleres during the first quarter valued at approximately $209,000. Karp Capital Management Corp purchased a new stake in shares of Caleres during the first quarter valued at approximately $225,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Caleres during the fourth quarter valued at approximately $228,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Caleres, Inc. (NYSE CAL) traded up 2.14% on Friday, hitting $25.78. 235,251 shares of the stock traded hands. The stock has a 50-day moving average price of $26.91 and a 200 day moving average price of $27.82. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 17.67 and a beta of 1.07. Caleres, Inc. has a 1-year low of $23.12 and a 1-year high of $36.61.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The business had revenue of $631.50 million during the quarter, compared to analyst estimates of $621.31 million. Caleres had a net margin of 2.39% and a return on equity of 13.80%. Caleres’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. On average, analysts anticipate that Caleres, Inc. will post $2.18 EPS for the current fiscal year.

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Several equities research analysts have commented on CAL shares. TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday, July 12th. BidaskClub raised shares of Caleres from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Susquehanna Bancshares Inc raised shares of Caleres from a “neutral” rating to a “positive” rating and set a $31.00 target price for the company in a research note on Tuesday, May 30th. Finally, UBS AG raised shares of Caleres from a “neutral” rating to a “positive” rating in a research note on Tuesday, May 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Caleres presently has a consensus rating of “Buy” and a consensus price target of $31.40.

About Caleres

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.

Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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