Geode Capital Management LLC Purchases 27,291 Shares of Caleres, Inc. (NYSE:CAL)

Geode Capital Management LLC increased its position in shares of Caleres, Inc. (NYSE:CAL) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 792,057 shares of the textile maker’s stock after acquiring an additional 27,291 shares during the quarter. Geode Capital Management LLC owned about 2.25% of Caleres worth $26,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Caleres by 108.8% during the third quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock worth $1,843,000 after purchasing an additional 29,057 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Caleres during the 3rd quarter valued at about $228,000. State Street Corp raised its stake in Caleres by 3.1% in the third quarter. State Street Corp now owns 1,519,912 shares of the textile maker’s stock valued at $50,233,000 after buying an additional 46,230 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in Caleres in the third quarter worth about $1,038,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Caleres during the third quarter worth about $863,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CAL has been the subject of a number of recent analyst reports. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Loop Capital dropped their price objective on shares of Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, December 6th.

Caleres Stock Up 2.2 %

Caleres stock opened at $23.64 on Friday. The stock has a 50-day moving average price of $28.96 and a 200 day moving average price of $33.15. The company has a market capitalization of $794.99 million, a price-to-earnings ratio of 5.27 and a beta of 1.92. Caleres, Inc. has a 52 week low of $22.07 and a 52 week high of $44.51.

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

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a 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.