Victory Capital Management Inc. Buys 38,866 Shares of Caleres, Inc. (NYSE:CAL)

Victory Capital Management Inc. increased its stake in shares of Caleres, Inc. (NYSE:CAL) by 50.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,443 shares of the textile maker’s stock after purchasing an additional 38,866 shares during the quarter. Victory Capital Management Inc. owned about 0.34% of Caleres worth $2,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CAL. Barclays PLC boosted its position in Caleres by 108.8% in the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock valued at $1,843,000 after buying an additional 29,057 shares during the last quarter. FMR LLC boosted its holdings in Caleres by 30.1% in the third 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 last quarter. Empowered Funds LLC raised its holdings in Caleres by 314.6% during the 4th quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker’s stock worth $3,620,000 after purchasing an additional 118,611 shares during the last quarter. Geode Capital Management LLC lifted its position in Caleres by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker’s stock valued at $26,183,000 after purchasing an additional 27,291 shares during the period. Finally, Maverick Capital Ltd. bought a new position in shares of Caleres in the 3rd quarter valued at about $1,038,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Stock Up 1.4 %

NYSE:CAL opened at $15.48 on Monday. Caleres, Inc. has a 12-month low of $15.00 and a 12-month high of $44.51. The stock’s fifty day simple moving average is $18.11 and its 200-day simple moving average is $26.22. The firm has a market capitalization of $520.71 million, a P/E ratio of 3.45 and a beta of 1.82.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.81%. Caleres’s payout ratio is 6.24%.

Insiders Place Their Bets

In other news, Director Kyle Gendreau bought 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $99,650. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Separately, Loop Capital dropped their price target on shares of Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, December 6th.

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.