Caleres, Inc. (NYSE:CAL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Caleres, Inc. (NYSE:CAL - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 556,642 shares of the textile maker's stock after buying an additional 25,088 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.66% of Caleres worth $12,892,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAL. Smartleaf Asset Management LLC lifted its stake in shares of Caleres by 254.4% in 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 during the period. Golden State Wealth Management LLC purchased a new position in shares of Caleres during the 4th quarter worth $59,000. Y Intercept Hong Kong Ltd bought a new stake in Caleres during the third quarter valued at about $228,000. Quest Partners LLC grew its stake in shares of Caleres by 6.6% during the 3rd quarter. Quest Partners LLC now owns 14,028 shares of the textile maker's stock valued at $464,000 after acquiring an additional 869 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Caleres during the 3rd quarter valued at $472,000. Institutional investors own 98.44% of the company's stock.

Insider Activity

In other news, Director Kyle Gendreau acquired 5,000 shares of the firm's stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $99,650. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Caleres Stock Down 1.7 %

NYSE:CAL traded down $0.30 during midday trading on Tuesday, hitting $17.30. The stock had a trading volume of 1,389,490 shares, compared to its average volume of 644,465. Caleres, Inc. has a one year low of $15.00 and a one year high of $44.51. The company has a market capitalization of $581.78 million, a price-to-earnings ratio of 3.85 and a beta of 1.82. The stock has a 50-day moving average of $17.53 and a 200 day moving average of $25.19.

Caleres (NYSE:CAL - Get Free Report) last released 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. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $639.20 million for the quarter, compared to the consensus estimate of $645.79 million. During the same quarter in the previous year, the firm earned $0.86 EPS. Caleres's revenue was down 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, March 27th. Caleres's payout ratio is 9.12%.

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.