Victory Capital Management Inc. Purchases 38,866 Shares of Caleres, Inc. (NYSE:CAL)

Victory Capital Management Inc. grew its position in Caleres, Inc. (NYSE:CAL - Free Report) by 50.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 115,443 shares of the textile maker's stock after buying an additional 38,866 shares during the period. Victory Capital Management Inc. owned approximately 0.34% of Caleres worth $2,674,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quest Partners LLC lifted its holdings in Caleres by 6.6% during the third quarter. Quest Partners LLC now owns 14,028 shares of the textile maker's stock worth $464,000 after acquiring an additional 869 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Caleres during the third quarter worth about $472,000. Landscape Capital Management L.L.C. bought a new position in shares of Caleres during the 3rd quarter valued at about $4,184,000. Pacer Advisors Inc. acquired a new position in shares of Caleres in the 3rd quarter valued at approximately $49,783,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Caleres by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 531,554 shares of the textile maker's stock worth $17,568,000 after purchasing an additional 8,421 shares in the last quarter. Institutional investors own 98.44% of the company's stock.

Caleres Price Performance

CAL stock traded up $0.53 during trading hours on Thursday, reaching $16.92. 901,613 shares of the stock were exchanged, compared to its average volume of 631,020. The firm's 50-day moving average is $17.78 and its 200-day moving average is $25.78. Caleres, Inc. has a 12 month low of $15.00 and a 12 month high of $44.51. The company has a market cap of $568.83 million, a price-to-earnings ratio of 3.78 and a beta of 1.82.

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

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Thursday, March 27th. Caleres's dividend payout ratio is presently 6.24%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Kyle Gendreau bought 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $99,650. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

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.