Principal Financial Group Inc. trimmed its position in Caleres, Inc. (NYSE:CAL) by 2.6% in the third quarter, Holdings Channel.com reports. The fund owned 1,849,097 shares of the textile maker’s stock after selling 49,533 shares during the period. Principal Financial Group Inc.’s holdings in Caleres were worth $17,678,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Caleres by 22.2% in the 1st quarter. State Street Corp now owns 1,681,398 shares of the textile maker’s stock valued at $8,846,000 after acquiring an additional 304,923 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Caleres in the 2nd quarter valued at approximately $101,000. Balyasny Asset Management LLC increased its holdings in shares of Caleres by 394.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 142,028 shares of the textile maker’s stock valued at $1,185,000 after acquiring an additional 113,331 shares during the last quarter. PDT Partners LLC increased its holdings in shares of Caleres by 32.7% in the 2nd quarter. PDT Partners LLC now owns 139,500 shares of the textile maker’s stock valued at $1,163,000 after acquiring an additional 34,400 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Caleres by 323.4% in the 1st quarter. Morgan Stanley now owns 977,571 shares of the textile maker’s stock valued at $5,084,000 after acquiring an additional 746,662 shares during the last quarter. Institutional investors and hedge funds own 78.85% of the company’s stock.
Shares of CAL opened at $12.49 on Friday. The company has a market cap of $473.52 million, a P/E ratio of -1.38 and a beta of 2.13. The stock has a fifty day moving average price of $9.61 and a 200 day moving average price of $8.34. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.91 and a quick ratio of 0.35. Caleres, Inc. has a 12 month low of $3.12 and a 12 month high of $24.33.
A number of brokerages recently commented on CAL. Zacks Investment Research downgraded Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, November 17th. Loop Capital upped their price objective on Caleres from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Caleres presently has an average rating of “Buy” and an average target price of $16.60.
Caleres, Inc engages in the retail and wholesale of footwear in the United States, China, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.
Read More: Accumulation/Distribution
Want to see what other hedge funds are holding CAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caleres, Inc. (NYSE:CAL).
Receive News & Ratings for Caleres Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres and related companies with MarketBeat.com's FREE daily email newsletter.