UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in Caleres, Inc. (NYSE:CAL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Caleres, Inc. (NYSE:CAL) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,646 shares of the textile maker’s stock after selling 421 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Caleres worth $2,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SummerHaven Investment Management LLC lifted its holdings in shares of Caleres by 1.4% during the second quarter. SummerHaven Investment Management LLC now owns 29,394 shares of the textile maker’s stock worth $988,000 after purchasing an additional 409 shares during the period. Bailard Inc. acquired a new stake in Caleres during the 2nd quarter valued at approximately $255,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Caleres by 31,308.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,224 shares of the textile maker’s stock valued at $243,000 after acquiring an additional 7,201 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Caleres in the 2nd quarter valued at $1,754,000. Finally, nVerses Capital LLC acquired a new stake in shares of Caleres in the second quarter worth $40,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Loop Capital decreased their target price on shares of Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, December 6th. StockNews.com downgraded Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd.

Caleres Price Performance

Shares of NYSE:CAL opened at $25.01 on Friday. The business’s 50 day moving average price is $30.43 and its 200-day moving average price is $33.79. Caleres, Inc. has a 1 year low of $24.51 and a 1 year high of $44.51. The firm has a market capitalization of $841.06 million, a price-to-earnings ratio of 5.57 and a beta of 1.92.

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

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors 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 dividend yield of 1.12%. Caleres’s payout ratio is 6.24%.

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.