Royce & Associates LP Has $18.63 Million Stock Holdings in Caleres, Inc. (NYSE:CAL)

Royce & Associates LP lifted its stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 27.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 804,378 shares of the textile maker's stock after buying an additional 172,568 shares during the quarter. Royce & Associates LP owned about 2.39% of Caleres worth $18,629,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. lifted its stake in shares of Caleres by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker's stock worth $908,000 after buying an additional 479 shares during the last quarter. Quest Partners LLC lifted its stake in shares of Caleres by 6.6% during the 3rd quarter. Quest Partners LLC now owns 14,028 shares of the textile maker's stock worth $464,000 after buying an additional 869 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Caleres by 254.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock worth $40,000 after buying an additional 1,244 shares during the last quarter. Public Sector Pension Investment Board increased its position in Caleres by 2.5% during the third quarter. Public Sector Pension Investment Board now owns 74,539 shares of the textile maker's stock worth $2,464,000 after acquiring an additional 1,800 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in Caleres during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 98.44% of the company's stock.

Wall Street Analyst Weigh In

Separately, Loop Capital lowered their price target on shares of Caleres from $30.00 to $25.00 and set a "hold" rating on the stock in a research report on Friday, December 6th.

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Caleres Stock Performance

NYSE:CAL traded up $0.53 during mid-day trading on Thursday, reaching $16.92. 1,649,775 shares of the company's stock were exchanged, compared to its average volume of 632,836. Caleres, Inc. has a one year low of $15.00 and a one year high of $44.51. The firm has a market capitalization of $568.83 million, a PE ratio of 3.77 and a beta of 1.82. The business's fifty day simple moving average is $17.78 and its two-hundred day simple moving average is $25.78.

Caleres (NYSE:CAL - Get Free Report) last released its earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The firm had revenue of $639.20 million for the quarter, compared to analyst estimates of $645.79 million. During the same period last year, the firm earned $0.86 EPS. The business's quarterly revenue was down 8.3% compared to the same quarter last year. As a group, equities research analysts forecast that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, March 27th. Caleres's dividend payout ratio is currently 6.24%.

Insider Buying and Selling at Caleres

In other news, Director Kyle Gendreau bought 5,000 shares of the firm's stock in a transaction on 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 acquisition, the director now directly owns 5,000 shares in the company, valued at $99,650. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.80% of the company's stock.

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.