State Street Corp Acquires 46,230 Shares of Caleres, Inc. (NYSE:CAL)

State Street Corp lifted its holdings in shares of Caleres, Inc. (NYSE:CAL) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,519,912 shares of the textile maker’s stock after buying an additional 46,230 shares during the quarter. State Street Corp’s holdings in Caleres were worth $50,233,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CAL. Bailard Inc. purchased a new position in Caleres in the 2nd quarter worth approximately $255,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Caleres by 31,308.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,224 shares of the textile maker’s stock worth $243,000 after purchasing an additional 7,201 shares during the last quarter. Rothschild Investment LLC bought a new stake in Caleres during the 2nd quarter valued at $1,754,000. nVerses Capital LLC bought a new stake in Caleres during the 2nd quarter valued at $40,000. Finally, Victory Capital Management Inc. boosted its position in Caleres by 83.8% during the 2nd quarter. Victory Capital Management Inc. now owns 61,959 shares of the textile maker’s stock valued at $2,082,000 after buying an additional 28,250 shares during the period. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Caleres Trading Down 3.3 %

Shares of Caleres stock opened at $22.45 on Friday. Caleres, Inc. has a 12-month low of $22.34 and a 12-month high of $44.51. The company has a market cap of $754.97 million, a P/E ratio of 5.00 and a beta of 1.92. The company’s fifty day simple moving average is $29.74 and its two-hundred day simple moving average is $33.46.

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

Caleres Dividend Announcement

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 paid a $0.07 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.28 annualized dividend and a yield of 1.25%. Caleres’s payout ratio is 6.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CAL. StockNews.com downgraded shares of Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Loop Capital reduced their price target on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, December 6th.

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.