American Century Companies Inc. Increases Holdings in Caleres, Inc. (NYSE:CAL)

American Century Companies Inc. grew its holdings in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,148,219 shares of the textile maker's stock after purchasing an additional 105,392 shares during the quarter. American Century Companies Inc. owned approximately 3.41% of Caleres worth $26,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. grew its position in Caleres by 3.2% during the third quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker's stock valued at $60,648,000 after buying an additional 56,346 shares during the period. State Street Corp grew its position in shares of Caleres by 3.1% during the 3rd quarter. State Street Corp now owns 1,519,912 shares of the textile maker's stock valued at $50,233,000 after acquiring an additional 46,230 shares during the period. FMR LLC increased its stake in shares of Caleres by 30.1% in the 3rd 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. Royce & Associates LP raised its holdings in Caleres by 27.3% in the 4th quarter. Royce & Associates LP now owns 804,378 shares of the textile maker's stock worth $18,629,000 after purchasing an additional 172,568 shares during the period. Finally, Geode Capital Management LLC lifted its position in Caleres by 3.6% during the third quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker's stock valued at $26,183,000 after purchasing an additional 27,291 shares in the last quarter. Institutional investors own 98.44% of the company's stock.

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Insider Buying and Selling at Caleres

In other news, Director Lori Greeley purchased 9,000 shares of the business's stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of $17.77 per share, for a total transaction of $159,930.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $177,700. This represents a 900.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kyle Gendreau acquired 5,000 shares of Caleres stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the purchase, 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 disclosure for this purchase can be found here. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Caleres Stock Performance

Shares of CAL traded down $2.27 during mid-day trading on Thursday, reaching $15.57. The stock had a trading volume of 2,756,461 shares, compared to its average volume of 690,203. The business has a fifty day moving average of $17.10 and a 200 day moving average of $24.32. The firm has a market cap of $523.44 million, a price-to-earnings ratio of 3.47 and a beta of 1.82. Caleres, Inc. has a 12 month low of $14.46 and a 12 month high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last issued its earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.06. The company had revenue of $639.20 million during 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%. Caleres's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. On average, research analysts forecast that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 1.80%. Caleres's payout ratio is 9.12%.

Caleres Company 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.