Caleres, Inc. $CAL Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its position in shares of Caleres, Inc. (NYSE:CAL) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 811,952 shares of the textile maker’s stock after purchasing an additional 41,434 shares during the period. Invesco Ltd.’s holdings in Caleres were worth $13,990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Caleres by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker’s stock worth $47,475,000 after purchasing an additional 167,326 shares in the last quarter. Royce & Associates LP grew its stake in shares of Caleres by 4.9% during the first quarter. Royce & Associates LP now owns 843,445 shares of the textile maker’s stock worth $14,533,000 after purchasing an additional 39,067 shares in the last quarter. Nokomis Capital L.L.C. acquired a new position in shares of Caleres during the fourth quarter worth $18,336,000. Charles Schwab Investment Management Inc. grew its stake in shares of Caleres by 24.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 691,801 shares of the textile maker’s stock worth $11,920,000 after purchasing an additional 135,159 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Caleres by 7.5% during the fourth quarter. Northern Trust Corp now owns 402,370 shares of the textile maker’s stock worth $9,319,000 after purchasing an additional 28,009 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Analysts Set New Price Targets

Separately, Loop Capital cut their price target on shares of Caleres from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, May 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.00.

Caleres Price Performance

Shares of NYSE:CAL opened at $15.48 on Friday. The company’s fifty day moving average price is $13.96 and its 200 day moving average price is $15.29. Caleres, Inc. has a 12 month low of $12.09 and a 12 month high of $44.51. The firm has a market capitalization of $523.22 million, a P/E ratio of 6.45 and a beta of 1.14.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, May 29th. The textile maker reported $0.22 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.15). Caleres had a return on equity of 14.94% and a net margin of 3.11%.The company had revenue of $614.22 million for the quarter, compared to analyst estimates of $622.93 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. Caleres’s revenue was down 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Caleres, Inc. will post 3.23 EPS for the current year.

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.