Paradigm Capital Management Incny buys $22,161,925 stake in Caleres Inc (CAL)

Caleres Inc (CAL) : Paradigm Capital Management Incny scooped up 12,800 additional shares in Caleres Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 877,700 shares of Caleres Inc which is valued at $22,161,925.Caleres Inc makes up approximately 2.50% of Paradigm Capital Management Incny’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management reduced its stake in CAL by selling 2,100 shares or 24.77% in the most recent quarter. The Hedge Fund company now holds 6,378 shares of CAL which is valued at $161,045. Caleres Inc makes up approx 0.12% of Acrospire Investment Management’s portfolio.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.Palisade Capital Managementnj reduced its stake in CAL by selling 60,456 shares or 31.27% in the most recent quarter. The Hedge Fund company now holds 132,882 shares of CAL which is valued at $3,336,667. Caleres Inc makes up approx 0.14% of Palisade Capital Managementnj’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.Huntington National Bank reduced its stake in CAL by selling 12 shares or 19.35% in the most recent quarter. The Hedge Fund company now holds 50 shares of CAL which is valued at $1,344.

Caleres Inc opened for trading at $24.77 and hit $25.3 on the upside on Wednesday, eventually ending the session at $25.3, with a gain of 1.44% or 0.36 points. The heightened volatility saw the trading volume jump to 3,74,946 shares. Company has a market cap of $1,098 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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