Fmr LLC Purchases 215,372 Shares of Caleres, Inc. (NYSE:CAL)

FMR LLC lifted its stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 30.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 929,968 shares of the textile maker's stock after acquiring an additional 215,372 shares during the quarter. FMR LLC owned about 2.64% of Caleres worth $30,735,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in shares of Caleres during the 3rd quarter valued at $49,783,000. American Century Companies Inc. boosted its stake in shares of Caleres by 25.6% during the 2nd quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker's stock valued at $30,302,000 after buying an additional 183,594 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Caleres during the 3rd quarter valued at $4,184,000. Millennium Management LLC boosted its stake in shares of Caleres by 58.8% during the 2nd quarter. Millennium Management LLC now owns 221,082 shares of the textile maker's stock valued at $7,428,000 after buying an additional 81,836 shares during the period. Finally, Great Lakes Advisors LLC boosted its stake in shares of Caleres by 69.6% during the 2nd quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker's stock valued at $6,513,000 after buying an additional 79,581 shares during the period. Institutional investors and hedge funds own 98.44% of the company's stock.

Caleres Trading Down 0.8 %

CAL traded down $0.21 during trading on Monday, hitting $26.97. The stock had a trading volume of 978,888 shares, compared to its average volume of 548,191. The firm has a market cap of $949.34 million, a PE ratio of 6.01 and a beta of 1.92. Caleres, Inc. has a 12 month low of $26.05 and a 12 month high of $44.51. The company has a 50 day simple moving average of $30.94 and a 200-day simple moving average of $34.10.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company had revenue of $740.90 million for the quarter, compared to the consensus estimate of $751.35 million. During the same quarter in the previous year, the firm posted $1.37 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caleres, Inc. will post 3.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CAL shares. Loop Capital decreased their target price on shares of Caleres from $30.00 to $25.00 and set a "hold" rating for the company in a research note on Friday. StockNews.com downgraded shares of Caleres from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd.

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.