Principal Financial Group Inc. trimmed its position in Caleres, Inc. (NYSE:CAL - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,724,631 shares of the textile maker's stock after selling 110,426 shares during the period. Principal Financial Group Inc. owned approximately 5.13% of Caleres worth $39,942,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. purchased a new stake in shares of Caleres during the 3rd quarter valued at $49,783,000. FMR LLC increased its position in Caleres by 30.1% during the 3rd quarter. FMR LLC now owns 929,968 shares of the textile maker's stock valued at $30,735,000 after buying an additional 215,372 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Caleres in the third quarter valued at about $4,184,000. JPMorgan Chase & Co. boosted its holdings in Caleres by 42.2% in the third quarter. JPMorgan Chase & Co. now owns 418,722 shares of the textile maker's stock worth $13,839,000 after acquiring an additional 124,266 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Caleres by 314.6% during the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock worth $3,620,000 after acquiring an additional 118,611 shares during the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Loop Capital decreased their price objective on shares of Caleres from $30.00 to $25.00 and set a "hold" rating for the company in a research report on Friday, December 6th.
View Our Latest Analysis on CAL
Insider Activity
In other Caleres news, Director Kyle Gendreau bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $99,650. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.80% of the company's stock.
Caleres Stock Up 2.1 %
Shares of CAL traded up $0.35 during trading hours on Tuesday, reaching $16.68. 747,274 shares of the company traded hands, compared to its average volume of 693,963. The stock has a market capitalization of $560.78 million, a P/E ratio of 3.71 and a beta of 1.92. The business has a fifty day moving average price of $20.01 and a 200-day moving average price of $28.64. Caleres, Inc. has a 12-month low of $16.06 and a 12-month high of $44.51.
Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The firm had revenue of $740.90 million for the quarter, compared to analysts' expectations of $751.35 million. During the same quarter in the previous year, the firm posted $1.37 EPS. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, research analysts predict that Caleres, Inc. will post 3.23 EPS for the current fiscal year.
Caleres Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Friday, December 27th. Caleres's payout ratio is 6.24%.
About Caleres
(
Free Report)
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.
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