Dynamic Technology Lab Private Ltd adds Caleres Inc (CAL) to its portfolio

Caleres Inc (CAL) : Dynamic Technology Lab Private Ltd added new position in Caleres Inc during the most recent quarter end. The investment management firm now holds 58,180 shares of Caleres Inc which is valued at $1,444,609 , the company said in a statement filed on Aug 10, 2016 with the SEC.Caleres Inc makes up approximately 0.37% of Dynamic Technology Lab Private Ltd’s portfolio.

Other Hedge Funds, Including , Trexquant Investment Lp reduced its stake in CAL by selling 9,706 shares or 51.96% in the most recent quarter. The Hedge Fund company now holds 8,974 shares of CAL which is valued at $222,824. Caleres Inc makes up approx 0.03% of Trexquant Investment Lp’s portfolio.Teacher Retirement System Of Texas boosted its stake in CAL in the latest quarter, The investment management firm added 1,159 additional shares and now holds a total of 6,250 shares of Caleres Inc which is valued at $157,813.State Of New Jersey Common Pension Fund D boosted its stake in CAL in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 87,500 shares of Caleres Inc which is valued at $2,197,125. Caleres Inc makes up approx 0.01% of State Of New Jersey Common Pension Fund D’s portfolio.California State Teachers Retirement System reduced its stake in CAL by selling 3,256 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 89,849 shares of CAL which is valued at $2,256,108. Achievement Holdings sold out all of its stake in CAL during the most recent quarter. The investment firm sold 26,413 shares of CAL which is valued $709,717.

Caleres Inc opened for trading at $25.78 and hit $26.21 on the upside on Friday, eventually ending the session at $25.94, with a gain of 0.62% or 0.16 points. The heightened volatility saw the trading volume jump to 2,10,789 shares. Company has a market cap of $1,126 M.

On the company’s financial health, Caleres Inc reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 26, 2016. Analyst had a consensus of $0.43. The company had revenue of $584.70 million for the quarter, compared to analysts expectations of $610.58 million. The company’s revenue was down -2.9 % compared to the same quarter last year.

Many Wall Street Analysts have commented on Caleres Inc. BB&T Capital Mkts Upgraded Caleres Inc on May 27, 2016 to ” Buy”, Price Target of the shares are set at $26.

Caleres Inc. formerly Brown Shoe Company 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. The Company’s Famous Footwear segment includes Famous Footwear stores as well as Famous.com. Famous Footwear segment is a family branded footwear retailer with around 1038 stores. Famous Footwear stores feature a wide selection of brand-name athletic casual and dress shoes for the entire family. The Company’s Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing sourcing and marketing branded footwear for women and men. The Company’s Brand Portfolio segment sells footwear on a wholesale basis to retailers. It also sells footwear through its branded retail stores and e-commerce businesses.

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