Caleres, Inc. (NYSE:CAL) Shares Purchased by State Street Corp

State Street Corp raised its stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,519,912 shares of the textile maker's stock after purchasing an additional 46,230 shares during the period. State Street Corp owned 4.32% of Caleres worth $50,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in Caleres in the second quarter worth about $40,000. Creative Planning purchased a new position in Caleres during the 3rd quarter valued at $204,000. AXA S.A. grew its position in Caleres by 28.5% in the 2nd quarter. AXA S.A. now owns 6,939 shares of the textile maker's stock valued at $233,000 after acquiring an additional 1,540 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Caleres by 31,308.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,224 shares of the textile maker's stock valued at $243,000 after acquiring an additional 7,201 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in Caleres in the second quarter worth $255,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Caleres Stock Performance

NYSE:CAL traded up $1.08 during mid-day trading on Friday, hitting $23.53. 3,050,690 shares of the company's stock traded hands, compared to its average volume of 568,706. The company has a market capitalization of $791.29 million, a P/E ratio of 5.24 and a beta of 1.92. The company has a fifty day moving average of $29.74 and a 200 day moving average of $33.46. Caleres, Inc. has a twelve month low of $22.07 and a twelve month high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. On average, research analysts expect that Caleres, Inc. will post 3.5 earnings per share for the current fiscal year.

Caleres Dividend Announcement

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

Caleres 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.