Connor Clark & Lunn Investment Management Ltd. Takes Position in Caleres, Inc. (NYSE:CAL)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Caleres, Inc. (NYSE:CAL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position 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 in the last quarter. State Street Corp raised its stake in shares of Caleres by 3.1% in the third quarter. State Street Corp now owns 1,519,912 shares of the textile maker's stock worth $50,233,000 after purchasing an additional 46,230 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Caleres during the third quarter valued at $49,783,000. FMR LLC boosted its position in shares of Caleres by 30.1% during the third quarter. FMR LLC now owns 929,968 shares of the textile maker's stock valued at $30,735,000 after buying an additional 215,372 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Caleres by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker's stock worth $26,183,000 after buying an additional 27,291 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company's stock.

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Analysts Set New Price Targets

Separately, Loop Capital dropped 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 Trading Down 1.7 %

NYSE:CAL traded down $0.30 during trading hours on Tuesday, reaching $17.30. The company had a trading volume of 1,389,592 shares, compared to its average volume of 645,855. The firm's 50 day moving average price is $17.47 and its 200-day moving average price is $25.04. The firm has a market cap of $581.78 million, a price-to-earnings ratio of 3.85 and a beta of 1.82. Caleres, Inc. has a 52 week low of $15.00 and a 52 week high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.06. The company had revenue of $639.20 million during the quarter, compared to analysts' expectations of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. Caleres's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. On average, analysts forecast that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The company 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, March 27th. Caleres's dividend payout ratio (DPR) is 9.12%.

Insider Activity at Caleres

In other Caleres news, Director Kyle Gendreau bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price 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 $99,650. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by corporate insiders.

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.