Geode Capital Management LLC Has $18.29 Million Stake in Caleres, Inc. (NYSE:CAL)

Geode Capital Management LLC lessened its stake in shares of Caleres, Inc. (NYSE:CAL) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 789,336 shares of the textile maker’s stock after selling 2,721 shares during the period. Geode Capital Management LLC owned 2.35% of Caleres worth $18,285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Caleres by 108.8% in the third quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock valued at $1,843,000 after purchasing an additional 29,057 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Caleres by 1.7% in the 3rd quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker’s stock valued at $908,000 after buying an additional 479 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Caleres by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock worth $60,648,000 after acquiring an additional 56,346 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Caleres by 42.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 418,722 shares of the textile maker’s stock worth $13,839,000 after acquiring an additional 124,266 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Caleres in the fourth quarter valued at approximately $59,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Loop Capital cut their target price on Caleres from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, April 4th.

Caleres Trading Up 6.1 %

Shares of NYSE CAL opened at $15.27 on Friday. The company has a market cap of $513.39 million, a price-to-earnings ratio of 3.40 and a beta of 1.42. Caleres, Inc. has a 12 month low of $14.25 and a 12 month high of $44.51. The stock has a 50-day moving average price of $16.45 and a two-hundred day moving average price of $22.77.

Caleres (NYSE:CAL) last released 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. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business had revenue of $639.20 million during the quarter, compared to analysts’ expectations of $645.79 million. During the same period in the prior year, the company earned $0.86 EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, sell-side analysts predict that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 27th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.83%. Caleres’s dividend payout ratio is currently 9.12%.

Insider Activity at Caleres

In related news, Director Lori Greeley purchased 9,000 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $17.77 per share, with a total value of $159,930.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $177,700. This represents a 900.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is owned by company 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.