Charles Schwab Investment Management Inc. Increases Position in Caleres, Inc. (NYSE:CAL)

Charles Schwab Investment Management Inc. increased its stake in Caleres, Inc. (NYSE:CAL) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 556,642 shares of the textile maker’s stock after purchasing an additional 25,088 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.66% of Caleres worth $12,892,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barclays PLC boosted its stake in shares of Caleres by 108.8% during the 3rd 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 during the last quarter. FMR LLC boosted its stake in shares of Caleres by 30.1% during the 3rd quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock worth $30,735,000 after purchasing an additional 215,372 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of 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 boosted its stake in shares of Caleres by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker’s stock worth $26,183,000 after purchasing an additional 27,291 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in shares of Caleres during the 3rd quarter worth about $1,038,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Insider Transactions at Caleres

In related news, Director Kyle Gendreau bought 5,000 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $19.93 per share, with a total value of $99,650.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $99,650. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Caleres Trading Down 1.7 %

NYSE CAL opened at $16.56 on Friday. The company’s fifty day simple moving average is $17.59 and its 200-day simple moving average is $25.54. Caleres, Inc. has a 52 week low of $15.00 and a 52 week high of $44.51. The stock has a market cap of $556.90 million, a P/E ratio of 3.69 and a beta of 1.82.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $639.20 million for the quarter, compared to analysts’ expectations of $645.79 million. During the same period in the prior year, the company posted $0.86 earnings per share. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. On average, research analysts expect that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.69%. Caleres’s dividend payout ratio is currently 9.12%.

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.