3,700 Shares in Caleres, Inc. (NYSE:CAL) Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new stake in Caleres, Inc. (NYSE:CAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,700 shares of the textile maker’s stock, valued at approximately $86,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in shares of Caleres by 48.6% in the 4th quarter. Invesco Ltd. now owns 770,518 shares of the textile maker’s stock valued at $17,845,000 after acquiring an additional 252,140 shares in the last quarter. Royce & Associates LP increased its position in shares of Caleres by 27.3% during the 4th quarter. Royce & Associates LP now owns 804,378 shares of the textile maker’s stock worth $18,629,000 after purchasing an additional 172,568 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Caleres during the 4th quarter worth approximately $3,781,000. JPMorgan Chase & Co. raised its stake in shares of Caleres by 42.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 418,722 shares of the textile maker’s stock worth $13,839,000 after purchasing an additional 124,266 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Caleres by 314.6% in the 4th quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker’s stock valued at $3,620,000 after buying an additional 118,611 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caleres

In other news, Director Lori Greeley acquired 9,000 shares of the stock in a transaction on Thursday, March 27th. The shares were purchased at an average price of $17.77 per share, for a total transaction of $159,930.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $177,700. This represents a 900.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Loop Capital dropped their price target on shares of Caleres from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, April 4th.

Caleres Stock Performance

Caleres stock opened at $15.49 on Friday. The stock has a 50-day simple moving average of $16.27 and a 200 day simple moving average of $22.20. The stock has a market capitalization of $520.72 million, a P/E ratio of 3.45 and a beta of 1.42. Caleres, Inc. has a 52 week low of $14.25 and a 52 week high of $44.51.

Caleres (NYSE:CAL) last issued its earnings results 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 return on equity of 22.71% and a net margin of 5.69%. The company had revenue of $639.20 million during the quarter, compared to the consensus estimate of $645.79 million. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. Research analysts forecast that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 27th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.81%. Caleres’s dividend payout ratio (DPR) 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.