Northern Trust Corp Boosts Stock Position in Caleres, Inc. (NYSE:CAL)

Northern Trust Corp lifted its stake in Caleres, Inc. (NYSE:CAL) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 402,370 shares of the textile maker’s stock after purchasing an additional 28,009 shares during the quarter. Northern Trust Corp owned about 1.20% of Caleres worth $9,319,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CAL. Smartleaf Asset Management LLC boosted its stake in shares of Caleres by 254.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker’s stock worth $40,000 after buying an additional 1,244 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Caleres in the 4th quarter valued at $59,000. Lee Danner & Bass Inc. purchased a new stake in shares of Caleres during the fourth quarter worth $81,000. Canada Pension Plan Investment Board acquired a new stake in shares of Caleres in the fourth quarter valued at about $86,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Caleres in the 4th quarter valued at about $149,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Caleres Stock Up 1.5%

Shares of CAL stock opened at $17.80 on Friday. The stock has a market capitalization of $598.29 million, a PE ratio of 3.96 and a beta of 1.11. Caleres, Inc. has a 52 week low of $14.25 and a 52 week high of $44.51. The firm has a 50 day moving average of $16.12 and a two-hundred day moving average of $20.60.

Caleres (NYSE:CAL) last issued its earnings results on Thursday, March 20th. The textile maker reported $0.33 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 firm had revenue of $639.20 million during the quarter, compared to the consensus estimate of $645.79 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s revenue was down 8.3% compared to the same quarter last year. Analysts expect that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 27th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, March 27th. Caleres’s dividend payout ratio is currently 9.12%.

Insiders Place Their Bets

In other Caleres news, Director Lori Greeley acquired 9,000 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of $17.77 per share, for a total transaction of $159,930.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $177,700. The trade was a 900.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.