Royce & Associates LP Grows Stock Position in Caleres, Inc. (NYSE:CAL)

Royce & Associates LP lifted its position in Caleres, Inc. (NYSE:CAL - Free Report) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 631,810 shares of the textile maker's stock after purchasing an additional 76,837 shares during the period. Royce & Associates LP owned about 1.79% of Caleres worth $20,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CAL. Vanguard Group Inc. grew its holdings in Caleres by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,160,116 shares of the textile maker's stock valued at $129,660,000 after purchasing an additional 26,214 shares during the period. Principal Financial Group Inc. grew its stake in Caleres by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker's stock valued at $60,648,000 after acquiring an additional 56,346 shares during the period. American Century Companies Inc. increased its holdings in Caleres by 25.6% in the 2nd quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker's stock worth $30,302,000 after acquiring an additional 183,594 shares in the last quarter. Millennium Management LLC raised its position in Caleres by 58.8% during the second quarter. Millennium Management LLC now owns 221,082 shares of the textile maker's stock worth $7,428,000 after acquiring an additional 81,836 shares during the period. Finally, Great Lakes Advisors LLC lifted its holdings in Caleres by 69.6% during the second quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker's stock valued at $6,513,000 after purchasing an additional 79,581 shares in the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CAL has been the subject of a number of research reports. Loop Capital cut their target price on shares of Caleres from $45.00 to $30.00 and set a "hold" rating for the company in a research note on Friday, September 13th. StockNews.com cut Caleres from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd.

Caleres Stock Performance

Shares of NYSE CAL traded up $0.12 during mid-day trading on Friday, reaching $30.54. The company's stock had a trading volume of 412,846 shares, compared to its average volume of 539,440. The stock has a 50-day moving average of $31.89 and a two-hundred day moving average of $34.90. The stock has a market capitalization of $1.08 billion, a P/E ratio of 6.61 and a beta of 1.93. Caleres, Inc. has a 1-year low of $25.96 and a 1-year high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last released its quarterly earnings data on Thursday, September 12th. The textile maker reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.37). The business had revenue of $683.30 million during the quarter, compared to analyst estimates of $723.80 million. Caleres had a net margin of 5.84% and a return on equity of 24.63%. The firm's revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. Analysts predict that Caleres, Inc. will post 4.04 EPS for the current fiscal year.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, September 13th. Caleres's dividend payout ratio (DPR) is presently 6.06%.

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.