Russell Investments Group Ltd. Acquires 16,325 Shares of Caleres, Inc. (NYSE:CAL)

Russell Investments Group Ltd. raised its holdings in shares of Caleres, Inc. (NYSE:CAL) by 47.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,880 shares of the textile maker’s stock after purchasing an additional 16,325 shares during the quarter. Russell Investments Group Ltd. owned 0.15% of Caleres worth $1,178,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Caleres by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,223,343 shares of the textile maker’s stock worth $74,653,000 after acquiring an additional 50,041 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Caleres by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock worth $60,648,000 after buying an additional 56,346 shares during the period. American Century Companies Inc. grew its position in shares of Caleres by 10.1% during the 4th quarter. American Century Companies Inc. now owns 1,148,219 shares of the textile maker’s stock worth $26,593,000 after buying an additional 105,392 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Caleres by 27.3% in the fourth quarter. Royce & Associates LP now owns 804,378 shares of the textile maker’s stock valued at $18,629,000 after acquiring an additional 172,568 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Caleres by 3.6% in the third quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker’s stock worth $26,183,000 after acquiring an additional 27,291 shares during the period. 98.44% of the stock is owned by hedge funds and other institutional investors.

Caleres Trading Up 6.1 %

CAL opened at $15.27 on Monday. Caleres, Inc. has a 12 month low of $14.25 and a 12 month high of $44.51. The stock has a fifty day moving average price of $16.45 and a 200-day moving average price of $22.72. The firm has a market cap of $513.39 million, a price-to-earnings ratio of 3.40 and a beta of 1.42.

Caleres (NYSE:CAL) last released its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS 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 business had revenue of $639.20 million during the quarter, compared to analyst estimates of $645.79 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was down 8.3% on a year-over-year basis. On average, equities research analysts forecast that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The firm also recently announced 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. This represents a $0.28 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, March 27th. Caleres’s dividend payout ratio is currently 9.12%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Caleres

In related news, Director Lori Greeley purchased 9,000 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of $17.77 per share, for a total transaction of $159,930.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $177,700. This trade represents a 900.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by company insiders.

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.