Geode Capital Management LLC Increases Stock Holdings in Caleres, Inc. (NYSE:CAL)

Geode Capital Management LLC boosted its holdings in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 792,057 shares of the textile maker's stock after buying an additional 27,291 shares during the quarter. Geode Capital Management LLC owned approximately 2.25% of Caleres worth $26,183,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Caleres by 108.8% during the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker's stock valued at $1,843,000 after acquiring an additional 29,057 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Caleres during the third quarter valued at $228,000. State Street Corp lifted its position in Caleres by 3.1% during the third quarter. State Street Corp now owns 1,519,912 shares of the textile maker's stock valued at $50,233,000 after purchasing an additional 46,230 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Caleres in the third quarter worth about $1,038,000. Finally, Verition Fund Management LLC purchased a new stake in Caleres in the third quarter worth about $863,000. 98.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CAL. Loop Capital lowered their price objective on Caleres from $30.00 to $25.00 and set a "hold" rating on the stock in a research report on Friday, December 6th. StockNews.com lowered shares of Caleres from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd.

Caleres Price Performance

Shares of NYSE:CAL traded down $0.20 during trading on Friday, hitting $23.44. 605,396 shares of the company's stock were exchanged, compared to its average volume of 568,289. The business's 50-day simple moving average is $28.75 and its 200 day simple moving average is $33.09. The company has a market cap of $788.26 million, a price-to-earnings ratio of 5.22 and a beta of 1.92. Caleres, Inc. has a 52-week low of $22.07 and a 52-week high of $44.51.

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

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, December 27th. Caleres's dividend payout ratio (DPR) is presently 6.24%.

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.