Invesco Ltd. Boosts Stock Holdings in Caleres, Inc. (NYSE:CAL)

Invesco Ltd. increased its stake in Caleres, Inc. (NYSE:CAL - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 770,518 shares of the textile maker's stock after acquiring an additional 252,140 shares during the period. Invesco Ltd. owned about 2.29% of Caleres worth $17,845,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CAL. Barclays PLC lifted its holdings in Caleres by 108.8% in the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker's stock worth $1,843,000 after buying an additional 29,057 shares during the period. Geode Capital Management LLC raised its holdings in shares of Caleres by 3.6% during the third quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker's stock valued at $26,183,000 after acquiring an additional 27,291 shares in the last quarter. Franklin Resources Inc. lifted its stake in Caleres by 1.7% in the third quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker's stock worth $908,000 after acquiring an additional 479 shares during the period. Principal Financial Group Inc. boosted its holdings 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 valued at $60,648,000 after acquiring an additional 56,346 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in 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 during the period. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Caleres Stock Performance

Shares of CAL traded up $0.05 on Tuesday, reaching $15.33. The stock had a trading volume of 898,413 shares, compared to its average volume of 731,460. Caleres, Inc. has a 12-month low of $14.25 and a 12-month high of $44.51. The firm has a market capitalization of $515.27 million, a price-to-earnings ratio of 3.41 and a beta of 1.42. The company has a 50-day simple moving average of $16.41 and a 200-day simple moving average of $22.59.

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

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 27th were given a $0.07 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.83%. Caleres's dividend payout ratio is currently 9.12%.

Analysts Set New Price Targets

Separately, Loop Capital cut their target price on shares of Caleres from $17.00 to $16.00 and set a "hold" rating on the stock in a research note on Friday, April 4th.

Insider Buying and Selling

In related news, Director Lori Greeley bought 9,000 shares of the company's stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost of $17.77 per share, with a total value of $159,930.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company's stock, valued at $177,700. The trade was a 900.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Caleres Company 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.