Caleres, Inc. (NYSE:CAL) Stake Trimmed by Empowered Funds LLC

Empowered Funds LLC lessened its holdings in Caleres, Inc. (NYSE:CAL - Free Report) by 70.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,701 shares of the textile maker's stock after selling 89,661 shares during the quarter. Empowered Funds LLC owned approximately 0.11% of Caleres worth $1,246,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Royce & Associates LP boosted its stake in Caleres by 13.8% in the third quarter. Royce & Associates LP now owns 631,810 shares of the textile maker's stock valued at $20,881,000 after acquiring an additional 76,837 shares during the period. Victory Capital Management Inc. boosted its position in Caleres by 23.6% during the 3rd quarter. Victory Capital Management Inc. now owns 76,577 shares of the textile maker's stock valued at $2,531,000 after purchasing an additional 14,618 shares during the period. Olympiad Research LP grew its stake in Caleres by 37.3% during the 3rd quarter. Olympiad Research LP now owns 10,530 shares of the textile maker's stock worth $348,000 after buying an additional 2,859 shares during the last quarter. Principal Financial Group Inc. increased its position in Caleres by 3.2% in the third quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker's stock worth $60,648,000 after buying an additional 56,346 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Caleres by 2.2% in the third quarter. Janney Montgomery Scott LLC now owns 78,281 shares of the textile maker's stock valued at $2,587,000 after buying an additional 1,676 shares during the last quarter. Institutional investors own 98.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Caleres from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd. Loop Capital dropped their price target on shares of Caleres from $45.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, September 13th.

Caleres Price Performance

Shares of NYSE CAL traded up $1.06 during midday trading on Friday, reaching $31.52. 450,975 shares of the company traded hands, compared to its average volume of 490,488. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 6.82 and a beta of 1.93. The stock has a 50-day moving average price of $31.44 and a 200 day moving average price of $34.67. Caleres, Inc. has a 52 week low of $27.67 and a 52 week high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last released its quarterly earnings results on Thursday, September 12th. The textile maker reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.37). Caleres had a return on equity of 24.63% and a net margin of 5.84%. The company had revenue of $683.30 million for the quarter, compared to the consensus estimate of $723.80 million. During the same quarter last year, the firm posted $0.98 earnings per share. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, analysts expect that Caleres, Inc. will post 4.04 EPS for the current year.

Caleres Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.89%. Caleres's dividend payout ratio (DPR) is 6.06%.

Caleres 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.