Empowered Funds LLC Buys 118,611 Shares of Caleres, Inc. (NYSE:CAL)

Empowered Funds LLC raised its position in Caleres, Inc. (NYSE:CAL - Free Report) by 314.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 156,312 shares of the textile maker's stock after acquiring an additional 118,611 shares during the period. Empowered Funds LLC owned about 0.46% of Caleres worth $3,620,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of Caleres by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,743 shares of the textile maker's stock worth $563,000 after purchasing an additional 761 shares in the last quarter. Creative Planning bought a new stake in shares of Caleres during the 3rd quarter worth approximately $204,000. nVerses Capital LLC raised its stake in shares of Caleres by 125.0% during the 3rd quarter. nVerses Capital LLC now owns 2,700 shares of the textile maker's stock worth $89,000 after purchasing an additional 1,500 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Caleres by 2.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the textile maker's stock worth $562,000 after purchasing an additional 400 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Caleres by 3.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 20,047 shares of the textile maker's stock worth $662,000 after purchasing an additional 628 shares in the last quarter. Institutional investors own 98.44% of the company's stock.

Caleres Stock Down 0.9 %

Shares of CAL stock traded down $0.15 during trading on Friday, reaching $17.34. 518,920 shares of the company's stock were exchanged, compared to its average volume of 644,476. The stock has a market capitalization of $583.11 million, a PE ratio of 3.86 and a beta of 1.92. Caleres, Inc. has a twelve month low of $16.26 and a twelve month high of $44.51. The firm's fifty day moving average price is $21.07 and its 200-day moving average price is $29.44.

Caleres (NYSE:CAL - Get Free Report) last posted its earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.15). The business had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share. As a group, analysts anticipate that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, December 27th. Caleres's payout ratio is 6.24%.

Wall Street Analysts Forecast Growth

Separately, Loop Capital dropped their price objective on Caleres from $30.00 to $25.00 and set a "hold" rating on the stock in a research note on Friday, December 6th.

Insiders Place Their Bets

In other news, Director Kyle Gendreau acquired 5,000 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $99,650. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% of the company's stock.

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.