First Manhattan CO. LLC. Reduces Position in Caleres, Inc. (NYSE:CAL)

First Manhattan CO. LLC. trimmed its holdings in Caleres, Inc. (NYSE:CAL) by 39.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 499,586 shares of the textile maker’s stock after selling 321,251 shares during the quarter. First Manhattan CO. LLC. owned approximately 1.49% of Caleres worth $11,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAL. Barclays PLC increased its stake in Caleres by 108.8% in the third 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 period. Empowered Funds LLC increased its stake in Caleres by 314.6% in the 4th quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker’s stock worth $3,620,000 after buying an additional 118,611 shares during the period. Invesco Ltd. lifted its holdings in Caleres by 48.6% during the 4th quarter. Invesco Ltd. now owns 770,518 shares of the textile maker’s stock valued at $17,845,000 after buying an additional 252,140 shares in the last quarter. Vanguard Group Inc. boosted its position in Caleres by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,223,343 shares of the textile maker’s stock valued at $74,653,000 after buying an additional 50,041 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Caleres by 50.8% in the 4th quarter. Victory Capital Management Inc. now owns 115,443 shares of the textile maker’s stock worth $2,674,000 after acquiring an additional 38,866 shares in the last quarter. 98.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Lori Greeley purchased 9,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $17.77 per share, for a total transaction of $159,930.00. Following the acquisition, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is currently owned by company insiders.

Caleres Trading Down 4.1 %

Shares of Caleres stock opened at $15.04 on Friday. Caleres, Inc. has a 12 month low of $14.25 and a 12 month high of $44.51. The stock’s fifty day moving average price is $16.04 and its 200-day moving average price is $21.09. The firm has a market cap of $505.52 million, a P/E ratio of 3.35 and a beta of 1.11.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.06. The firm had revenue of $639.20 million during the quarter, compared to analysts’ expectations of $645.79 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 EPS. 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. Stockholders of record on Thursday, March 27th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 27th. Caleres’s payout ratio is 9.12%.

Analyst Ratings Changes

Separately, Loop Capital lowered their price target on Caleres from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, April 4th.

Caleres Company Profile

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.