Fox Run Management L.L.C. Invests $342,000 in Caleres, Inc. (NYSE:CAL)

Fox Run Management L.L.C. purchased a new position in shares of Caleres, Inc. (NYSE:CAL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,767 shares of the textile maker's stock, valued at approximately $342,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Caleres by 30.1% in the third quarter. FMR LLC now owns 929,968 shares of the textile maker's stock worth $30,735,000 after buying an additional 215,372 shares during the last quarter. Royce & Associates LP grew its stake in shares of Caleres by 27.3% during the 4th quarter. Royce & Associates LP now owns 804,378 shares of the textile maker's stock worth $18,629,000 after purchasing an additional 172,568 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Caleres by 42.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 418,722 shares of the textile maker's stock valued at $13,839,000 after purchasing an additional 124,266 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Caleres by 314.6% in the 4th quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock valued at $3,620,000 after purchasing an additional 118,611 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Caleres by 10.1% in the 4th quarter. American Century Companies Inc. now owns 1,148,219 shares of the textile maker's stock valued at $26,593,000 after purchasing an additional 105,392 shares during the period. 98.44% of the stock is owned by institutional investors and hedge funds.

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Caleres Price Performance

CAL stock traded down $0.60 during mid-day trading on Friday, reaching $17.31. 1,008,494 shares of the company's stock were exchanged, compared to its average volume of 675,473. Caleres, Inc. has a 12-month low of $15.00 and a 12-month high of $44.51. The stock's 50 day moving average is $17.32 and its 200 day moving average is $24.62. The company has a market cap of $581.98 million, a price-to-earnings ratio of 3.85 and a beta of 1.82.

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

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. Caleres's dividend payout ratio (DPR) is 9.12%.

Wall Street Analysts Forecast Growth

Separately, Loop Capital cut their price objective on shares of Caleres from $30.00 to $25.00 and set a "hold" rating for the company in a report on Friday, December 6th.

Insider Transactions at Caleres

In other news, Director Kyle Gendreau purchased 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $99,650. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.80% of the company's stock.

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.