Vanguard Group Inc. Has $74.65 Million Stock Position in Caleres, Inc. (NYSE:CAL)

Vanguard Group Inc. lifted its position in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,223,343 shares of the textile maker's stock after buying an additional 50,041 shares during the period. Vanguard Group Inc. owned about 9.58% of Caleres worth $74,653,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Caleres by 254.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock worth $40,000 after acquiring an additional 1,244 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Caleres during the 4th quarter worth approximately $59,000. Lee Danner & Bass Inc. bought a new stake in shares of Caleres during the 4th quarter worth approximately $81,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Caleres in the 4th quarter valued at approximately $149,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Caleres in the third quarter valued at $228,000. 98.44% of the stock is currently owned by institutional investors.

Caleres Stock Performance

Caleres stock traded down $0.64 during midday trading on Tuesday, reaching $14.94. 309,522 shares of the company's stock were exchanged, compared to its average volume of 929,195. The stock's 50-day simple moving average is $16.62 and its 200 day simple moving average is $23.20. The firm has a market cap of $502.16 million, a price-to-earnings ratio of 3.33 and a beta of 1.42. Caleres, Inc. has a 52 week low of $14.33 and a 52 week high of $44.51.

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

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 1.87%. Caleres's dividend payout ratio (DPR) is presently 9.12%.

Insider Transactions at Caleres

In other Caleres news, Director Lori Greeley purchased 9,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 10,000 shares in the company, valued at $177,700. The trade was a 900.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kyle Gendreau acquired 5,000 shares of the business's stock in a transaction on Friday, January 17th. The stock was acquired 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 approximately $99,650. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.