Barclays PLC Acquires 29,057 Shares of Caleres, Inc. (NYSE:CAL)

Barclays PLC raised its holdings in Caleres, Inc. (NYSE:CAL) by 108.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 55,776 shares of the textile maker’s stock after acquiring an additional 29,057 shares during the quarter. Barclays PLC owned approximately 0.16% of Caleres worth $1,843,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CAL. Allspring Global Investments Holdings LLC lifted its holdings in Caleres by 31,308.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,224 shares of the textile maker’s stock worth $243,000 after buying an additional 7,201 shares during the period. Rothschild Investment LLC acquired a new stake in Caleres during the 2nd quarter valued at approximately $1,754,000. nVerses Capital LLC acquired a new position in shares of Caleres in the 2nd quarter worth approximately $40,000. Victory Capital Management Inc. boosted its stake in shares of Caleres by 83.8% in the 2nd quarter. Victory Capital Management Inc. now owns 61,959 shares of the textile maker’s stock valued at $2,082,000 after purchasing an additional 28,250 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in Caleres during the second quarter worth $500,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Loop Capital cut their price target on shares of Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. StockNews.com cut Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd.

Caleres Price Performance

CAL stock opened at $23.64 on Friday. Caleres, Inc. has a 1 year low of $22.07 and a 1 year high of $44.51. The stock has a market capitalization of $794.99 million, a PE ratio of 5.27 and a beta of 1.92. The company’s 50-day moving average is $28.96 and its 200-day moving average is $33.15.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The firm had revenue of $740.90 million during the quarter, compared to analyst estimates of $751.35 million. During the same period last year, the business posted $1.37 EPS. The company’s revenue was down 2.8% on a year-over-year basis. On average, analysts anticipate that Caleres, Inc. will post 3.5 earnings per share for the current fiscal year.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, December 27th. Caleres’s dividend payout ratio is currently 6.24%.

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.