Caleres, Inc. (NYSE:CAL) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Caleres, Inc. (NYSE:CAL) by 25.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 901,852 shares of the textile maker’s stock after purchasing an additional 183,594 shares during the period. American Century Companies Inc. owned about 2.57% of Caleres worth $30,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAL. nVerses Capital LLC purchased a new position in shares of Caleres during the second quarter worth $40,000. SG Americas Securities LLC purchased a new position in Caleres during the 1st quarter valued at about $117,000. Shell Asset Management Co. purchased a new stake in Caleres during the first quarter worth about $156,000. Mutual of America Capital Management LLC purchased a new stake in Caleres during the first quarter worth about $236,000. Finally, Assetmark Inc. lifted its position in shares of Caleres by 7.9% during the fourth quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock worth $184,000 after purchasing an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CAL shares. StockNews.com upgraded shares of Caleres from a “hold” rating to a “buy” rating in a report on Thursday. Loop Capital cut their price objective on Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, September 13th.

Insider Buying and Selling

In other Caleres news, insider Diane M. Sullivan sold 17,068 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the transaction, the insider now directly owns 150,449 shares in the company, valued at $5,333,417.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Caleres news, Director Carla C. Hendra sold 5,349 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $33.07, for a total value of $176,891.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Diane M. Sullivan sold 17,068 shares of Caleres stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $35.45, for a total value of $605,060.60. Following the sale, the insider now owns 150,449 shares in the company, valued at approximately $5,333,417.05. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Caleres Stock Up 0.2 %

Shares of Caleres stock opened at $32.95 on Thursday. Caleres, Inc. has a 52-week low of $24.71 and a 52-week high of $44.51. The company has a market capitalization of $1.16 billion, a P/E ratio of 6.98 and a beta of 1.93. The company has a 50 day moving average of $37.51 and a 200 day moving average of $36.74.

Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, September 12th. The textile maker reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.37). The firm had revenue of $683.30 million for the quarter, compared to analysts’ expectations of $723.80 million. Caleres had a return on equity of 27.32% and a net margin of 5.97%. Caleres’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. As a group, research analysts anticipate that Caleres, Inc. will post 4.4 earnings per share for the current fiscal year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, September 13th. Caleres’s dividend payout ratio (DPR) is presently 5.93%.

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.