Vanguard Group Inc. Buys 50,041 Shares of Caleres, Inc. (NYSE:CAL)

Vanguard Group Inc. increased its stake in Caleres, Inc. (NYSE:CAL) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,223,343 shares of the textile maker’s stock after buying an additional 50,041 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Caleres worth $74,653,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fox Run Management L.L.C. purchased a new stake in shares of Caleres in the fourth quarter worth about $342,000. KLP Kapitalforvaltning AS purchased a new stake in Caleres in the 4th quarter worth approximately $149,000. American Century Companies Inc. boosted its holdings in Caleres by 10.1% in the 4th quarter. American Century Companies Inc. now owns 1,148,219 shares of the textile maker’s stock valued at $26,593,000 after purchasing an additional 105,392 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Caleres during the 4th quarter valued at $81,000. Finally, Intech Investment Management LLC increased its holdings in shares of Caleres by 43.7% in the fourth quarter. Intech Investment Management LLC now owns 20,514 shares of the textile maker’s stock worth $475,000 after purchasing an additional 6,239 shares during the period. 98.44% of the stock is currently owned by institutional investors.

Caleres Trading Down 5.3 %

CAL stock opened at $16.17 on Friday. The company’s 50 day moving average is $16.69 and its 200 day moving average is $23.51. The stock has a market cap of $543.34 million, a price-to-earnings ratio of 3.60 and a beta of 1.42. Caleres, Inc. has a 1-year low of $14.33 and a 1-year high of $44.51.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 earnings per share 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 analysts’ expectations of $645.79 million. During the same quarter last year, the company posted $0.86 EPS. The business’s quarterly revenue was down 8.3% on a year-over-year basis. As a group, sell-side analysts forecast that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, March 27th. Caleres’s payout ratio is currently 9.12%.

Insider Activity

In other Caleres news, Director Kyle Gendreau acquired 5,000 shares of the stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $99,650. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lori Greeley bought 9,000 shares of Caleres stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of $17.77 per share, for a total transaction of $159,930.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $177,700. The trade was a 900.00 % increase in their position. 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 reduced their target price on Caleres from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, April 4th.

About Caleres

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.