Bank of New York Mellon Corp Has $28.87 Million Stock Holdings in Caleres, Inc. (NYSE:CAL)

Bank of New York Mellon Corp reduced its position in Caleres, Inc. (NYSE:CAL) by 4.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 859,065 shares of the textile maker’s stock after selling 44,269 shares during the period. Bank of New York Mellon Corp owned 2.45% of Caleres worth $28,865,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAL. LSV Asset Management increased its position in Caleres by 159.2% in the fourth quarter. LSV Asset Management now owns 7,517 shares of the textile maker’s stock worth $231,000 after purchasing an additional 4,617 shares during the period. Teacher Retirement System of Texas grew its position in shares of Caleres by 49.8% during the 4th quarter. Teacher Retirement System of Texas now owns 17,293 shares of the textile maker’s stock worth $531,000 after buying an additional 5,751 shares during the period. BNP Paribas Financial Markets grew its position in shares of Caleres by 70.7% during the 4th quarter. BNP Paribas Financial Markets now owns 56,996 shares of the textile maker’s stock worth $1,751,000 after buying an additional 23,606 shares during the period. Jump Financial LLC raised its stake in shares of Caleres by 292.2% during the fourth quarter. Jump Financial LLC now owns 52,946 shares of the textile maker’s stock worth $1,627,000 after buying an additional 39,446 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Caleres by 7.9% in the fourth quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock valued at $184,000 after buying an additional 440 shares during the period. Institutional investors own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com cut shares of Caleres from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Loop Capital downgraded Caleres from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a report on Tuesday.

Caleres Stock Performance

Shares of NYSE CAL opened at $39.92 on Wednesday. Caleres, Inc. has a 52-week low of $24.71 and a 52-week high of $44.51. The stock has a market cap of $1.40 billion, a P/E ratio of 8.46 and a beta of 1.91. The firm has a 50 day moving average price of $36.89 and a 200 day moving average price of $36.87.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, September 13th. Caleres’s dividend payout ratio (DPR) is 5.93%.

Insider Activity at Caleres

In other Caleres news, insider Diane M. Sullivan sold 19,764 shares of Caleres stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $33.66, for a total transaction of $665,256.24. Following the transaction, the insider now directly owns 173,816 shares in the company, valued at $5,850,646.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Caleres news, insider Diane M. Sullivan sold 19,764 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $33.66, for a total transaction of $665,256.24. Following the sale, the insider now directly owns 173,816 shares in the company, valued at approximately $5,850,646.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Diane M. Sullivan sold 17,068 shares of Caleres stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total transaction of $605,060.60. Following the completion of the transaction, the insider now directly owns 150,449 shares in the company, valued at approximately $5,333,417.05. The disclosure for this sale can be found here. Insiders sold a total of 42,181 shares of company stock worth $1,447,208 in the last quarter. Corporate insiders own 3.80% of the company’s stock.

Caleres 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.