Bank of New York Mellon Corp Lowers Stock Holdings in Caleres, Inc. (NYSE:CAL)

Bank of New York Mellon Corp decreased its holdings in Caleres, Inc. (NYSE:CAL - Free Report) by 48.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 337,666 shares of the textile maker's stock after selling 315,593 shares during the quarter. Bank of New York Mellon Corp owned 1.00% of Caleres worth $7,820,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CAL. Pacer Advisors Inc. bought a new stake in Caleres during the 3rd quarter worth approximately $49,783,000. FMR LLC increased its stake in shares of Caleres by 30.1% in the third quarter. FMR LLC now owns 929,968 shares of the textile maker's stock worth $30,735,000 after purchasing an additional 215,372 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Caleres during the 3rd quarter valued at $4,184,000. JPMorgan Chase & Co. lifted its stake in shares of Caleres by 42.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 418,722 shares of the textile maker's stock valued at $13,839,000 after buying an additional 124,266 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Caleres by 314.6% in the 4th quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock worth $3,620,000 after buying an additional 118,611 shares during the period. 98.44% of the stock is currently owned by institutional investors.

Caleres Price Performance

Shares of NYSE CAL traded up $0.35 during midday trading on Wednesday, reaching $16.58. 439,393 shares of the stock traded hands, compared to its average volume of 744,811. The company's 50 day moving average is $17.88 and its 200 day moving average is $25.85. Caleres, Inc. has a one year low of $15.00 and a one year high of $44.51. The stock has a market capitalization of $557.70 million, a PE ratio of 3.69 and a beta of 1.82.

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Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, March 27th. Caleres's dividend payout ratio is currently 6.24%.

Insider Transactions at Caleres

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $19.93 per share, with a total value of $99,650.00. Following the purchase, the director now owns 5,000 shares of the company's stock, valued at approximately $99,650. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Loop Capital lowered their price objective on Caleres from $30.00 to $25.00 and set a "hold" rating on the stock in a research report on Friday, December 6th.

Caleres Profile

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.