JPMorgan Chase & Co. Purchases 124,266 Shares of Caleres, Inc. (NYSE:CAL)

JPMorgan Chase & Co. grew its holdings in Caleres, Inc. (NYSE:CAL) by 42.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 418,722 shares of the textile maker’s stock after acquiring an additional 124,266 shares during the quarter. JPMorgan Chase & Co. owned 1.25% of Caleres worth $13,839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pacer Advisors Inc. acquired a new stake in shares of Caleres in the third quarter valued at approximately $49,783,000. FMR LLC lifted its position in shares of Caleres by 30.1% during the 3rd quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock valued at $30,735,000 after acquiring an additional 215,372 shares during the period. American Century Companies Inc. grew its holdings in shares of Caleres by 25.6% during the 2nd quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker’s stock worth $30,302,000 after purchasing an additional 183,594 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Caleres in the third quarter worth $4,184,000. Finally, Millennium Management LLC raised its stake in Caleres by 58.8% in the second quarter. Millennium Management LLC now owns 221,082 shares of the textile maker’s stock valued at $7,428,000 after purchasing an additional 81,836 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Caleres Stock Down 1.8 %

Shares of CAL stock opened at $21.19 on Friday. The business has a fifty day simple moving average of $27.01 and a 200 day simple moving average of $32.19. The company has a market cap of $712.60 million, a P/E ratio of 4.72 and a beta of 1.96. Caleres, Inc. has a twelve month low of $20.97 and a twelve month high of $44.51.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). The company had revenue of $740.90 million during 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 company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.37 earnings per share. As a group, equities research analysts anticipate that Caleres, Inc. will post 3.5 earnings per share for the current fiscal year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.32%. Caleres’s dividend payout ratio (DPR) is presently 6.24%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CAL shares. StockNews.com downgraded shares of Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Loop Capital reduced 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.

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.