Connor Clark & Lunn Investment Management Ltd. Acquires New Holdings in Caleres, Inc. (NYSE:CAL)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Caleres, Inc. (NYSE:CAL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,032 shares of the textile maker's stock, valued at approximately $719,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of Caleres at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position 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 worth $40,000 after buying an additional 1,244 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Caleres during the fourth quarter worth about $59,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Caleres in the third quarter valued at approximately $228,000. Amundi raised its position in shares of Caleres by 146.1% during the 4th quarter. Amundi now owns 18,712 shares of the textile maker's stock worth $404,000 after purchasing an additional 11,109 shares during the last quarter. Finally, Quest Partners LLC raised its position 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 worth $464,000 after purchasing an additional 869 shares during the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Loop Capital reduced 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.

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Insider Activity

In other news, Director Kyle Gendreau bought 5,000 shares of the firm's stock in a transaction dated Friday, January 17th. The stock was bought at an average price 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 $99,650. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.80% of the company's stock.

Caleres Price Performance

CAL stock traded up $0.36 during midday trading on Wednesday, hitting $17.64. The stock had a trading volume of 978,412 shares, compared to its average volume of 835,963. Caleres, Inc. has a 12-month low of $15.00 and a 12-month high of $44.51. The firm has a market cap of $593.25 million, a PE ratio of 3.93 and a beta of 1.82. The company's 50-day moving average price is $17.47 and its 200 day moving average price is $25.04.

Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $645.79 million. During the same quarter last year, the business earned $0.86 EPS. Caleres's revenue for the quarter was down 8.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The company also recently disclosed 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. This represents a $0.28 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, March 27th. Caleres's dividend payout ratio (DPR) 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.