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

Invesco Ltd. grew its holdings in Caleres, Inc. (NYSE:CAL) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 811,952 shares of the textile maker’s stock after purchasing an additional 41,434 shares during the period. Invesco Ltd. owned approximately 2.42% of Caleres worth $13,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Caleres by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,448 shares of the textile maker’s stock valued at $450,000 after purchasing an additional 643 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Caleres by 3.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 24,569 shares of the textile maker’s stock valued at $423,000 after purchasing an additional 785 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Caleres by 244.0% in the 1st quarter. Versant Capital Management Inc now owns 1,455 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 1,032 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Caleres by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 20,870 shares of the textile maker’s stock valued at $483,000 after purchasing an additional 1,177 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Caleres by 33.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,424 shares of the textile maker’s stock valued at $93,000 after purchasing an additional 1,359 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

Caleres Trading Up 5.0%

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

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

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.