Arrowstreet Capital Limited Partnership Has $12.99 Million Position in Caleres, Inc. (NYSE:CAL)

Arrowstreet Capital Limited Partnership lowered its stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 29.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 560,917 shares of the textile maker's stock after selling 228,634 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.67% of Caleres worth $12,991,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in shares of Caleres by 254.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock valued at $40,000 after purchasing an additional 1,244 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Caleres during the 4th quarter valued at $59,000. Lee Danner & Bass Inc. bought a new position in shares of Caleres during the 4th quarter valued at $81,000. KLP Kapitalforvaltning AS bought a new position in shares of Caleres during the 4th quarter valued at $149,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Caleres during the 3rd quarter valued at $228,000. Institutional investors and hedge funds own 98.44% of the company's stock.

Caleres Trading Down 7.8 %

CAL traded down $1.33 during trading on Thursday, hitting $15.74. The stock had a trading volume of 161,908 shares, compared to its average volume of 917,705. The firm has a market cap of $529.05 million, a PE ratio of 3.51 and a beta of 1.42. Caleres, Inc. has a 12 month low of $14.33 and a 12 month high of $44.51. The company has a 50 day simple moving average of $16.71 and a 200-day simple moving average of $23.62.

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Caleres (NYSE:CAL - Get Free Report) last announced its earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.27 by $0.06. The firm had revenue of $639.20 million for the quarter, compared to the consensus estimate of $645.79 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business's quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. As a group, sell-side analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 1.78%. Caleres's dividend payout ratio is 9.12%.

Insiders Place Their Bets

In other Caleres news, Director Kyle Gendreau bought 5,000 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $99,650. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lori Greeley bought 9,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were acquired at an average price of $17.77 per share, for a total transaction of $159,930.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $177,700. This represents a 900.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, Loop Capital cut their price target on shares of Caleres from $17.00 to $16.00 and set a "hold" rating on the stock in a report on Friday, April 4th.

About Caleres

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.