Amundi Purchases 11,109 Shares of Caleres, Inc. (NYSE:CAL)

Amundi raised its position in shares of Caleres, Inc. (NYSE:CAL) by 146.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,712 shares of the textile maker’s stock after acquiring an additional 11,109 shares during the quarter. Amundi owned about 0.06% of Caleres worth $404,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CAL. Franklin Resources Inc. boosted its position in shares of Caleres by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker’s stock worth $908,000 after purchasing an additional 479 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Caleres by 6.6% in the 3rd quarter. Quest Partners LLC now owns 14,028 shares of the textile maker’s stock worth $464,000 after acquiring an additional 869 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Caleres by 254.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker’s stock worth $40,000 after acquiring an additional 1,244 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Caleres by 2.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 74,539 shares of the textile maker’s stock worth $2,464,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Caleres in the 4th quarter worth about $59,000. Institutional investors own 98.44% of the company’s stock.

Analysts Set New Price Targets

Separately, Loop Capital decreased their price objective 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.

Caleres Stock Up 3.2 %

Shares of CAL stock opened at $16.92 on Friday. The company has a 50 day moving average of $17.68 and a 200-day moving average of $25.72. Caleres, Inc. has a 12-month low of $15.00 and a 12-month high of $44.51. The firm has a market cap of $568.83 million, a P/E ratio of 3.77 and a beta of 1.82.

Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.27 by $0.06. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $639.20 million during the quarter, compared to the consensus estimate of $645.79 million. During the same period last year, the firm earned $0.86 EPS. Caleres’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, equities analysts expect that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 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 1.66%. The ex-dividend date of this dividend is Thursday, March 27th. Caleres’s dividend payout ratio is currently 6.24%.

Insider Transactions at Caleres

In other news, Director Kyle Gendreau acquired 5,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $99,650. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by insiders.

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.