Principal Financial Group Inc. Acquires 56,346 Shares of Caleres, Inc. (NYSE:CAL)

Principal Financial Group Inc. raised its stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,835,057 shares of the textile maker's stock after purchasing an additional 56,346 shares during the period. Principal Financial Group Inc. owned 5.21% of Caleres worth $60,648,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Caleres by 0.8% during the first quarter. Vanguard Group Inc. now owns 3,160,116 shares of the textile maker's stock worth $129,660,000 after acquiring an additional 26,214 shares during the last quarter. American Century Companies Inc. increased its stake in Caleres by 25.6% during the second quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker's stock worth $30,302,000 after purchasing an additional 183,594 shares during the period. Millennium Management LLC raised its position in Caleres by 58.8% in the 2nd quarter. Millennium Management LLC now owns 221,082 shares of the textile maker's stock valued at $7,428,000 after purchasing an additional 81,836 shares in the last quarter. Great Lakes Advisors LLC increased its holdings in shares of Caleres by 69.6% in the 2nd quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker's stock valued at $6,513,000 after acquiring an additional 79,581 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Caleres by 53.7% in the second quarter. Squarepoint Ops LLC now owns 84,124 shares of the textile maker's stock valued at $2,827,000 after buying an additional 29,388 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAL has been the topic of several research analyst reports. Loop Capital decreased their target price on shares of Caleres from $45.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday, September 13th. StockNews.com lowered Caleres from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd.

Caleres Stock Performance

Shares of CAL traded down $0.46 during trading hours on Friday, reaching $29.79. 405,408 shares of the company traded hands, compared to its average volume of 612,890. Caleres, Inc. has a 1-year low of $25.62 and a 1-year high of $44.51. The stock has a market cap of $1.05 billion, a P/E ratio of 6.45 and a beta of 1.93. The stock's fifty day moving average is $32.78 and its 200 day moving average is $35.09.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.37). The business had revenue of $683.30 million for the quarter, compared to the consensus estimate of $723.80 million. Caleres had a return on equity of 24.63% and a net margin of 5.84%. Caleres's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. On average, equities research analysts predict that Caleres, Inc. will post 4.04 EPS for the current year.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.07 per share. The ex-dividend date was Friday, September 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.94%. Caleres's dividend payout ratio (DPR) is presently 6.06%.

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.