Victory Capital Management Inc. Boosts Stock Position in Caleres, Inc. (NYSE:CAL)

Victory Capital Management Inc. lifted its position in shares of Caleres, Inc. (NYSE:CAL) by 23.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,577 shares of the textile maker’s stock after purchasing an additional 14,618 shares during the period. Victory Capital Management Inc. owned 0.22% of Caleres worth $2,531,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CAL. nVerses Capital LLC bought a new position in Caleres in the second quarter worth about $40,000. SG Americas Securities LLC bought a new position in shares of Caleres during the first quarter valued at approximately $117,000. Shell Asset Management Co. bought a new position in shares of Caleres during the first quarter valued at approximately $156,000. Creative Planning bought a new position in shares of Caleres during the third quarter valued at approximately $204,000. Finally, AXA S.A. increased its stake in shares of Caleres by 28.5% during the second quarter. AXA S.A. now owns 6,939 shares of the textile maker’s stock valued at $233,000 after purchasing an additional 1,540 shares in the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CAL. Loop Capital decreased their target price on shares of Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, September 13th. StockNews.com downgraded shares of Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd.

Caleres Stock Up 3.5 %

Shares of CAL opened at $31.52 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of 6.82 and a beta of 1.93. The firm has a 50 day moving average of $31.44 and a 200 day moving average of $34.67. Caleres, Inc. has a twelve month low of $27.67 and a twelve month high of $44.51.

Caleres (NYSE:CAL) last issued its earnings results 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). Caleres had a return on equity of 24.63% and a net margin of 5.84%. The company had revenue of $683.30 million during the quarter, compared to analysts’ expectations of $723.80 million. During the same quarter in the prior year, the business posted $0.98 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts expect that Caleres, Inc. will post 4.04 EPS for the current year.

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, September 13th. Caleres’s dividend payout ratio is presently 6.06%.

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.