JPMorgan Chase & Co. Has $13.84 Million Holdings in Caleres, Inc. (NYSE:CAL)

JPMorgan Chase & Co. raised its position in Caleres, Inc. (NYSE:CAL) by 42.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 418,722 shares of the textile maker’s stock after purchasing an additional 124,266 shares during the period. JPMorgan Chase & Co.’s holdings in Caleres were worth $13,839,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CAL. Principal Financial Group Inc. lifted its holdings in Caleres by 3.2% in the third quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock valued at $60,648,000 after buying an additional 56,346 shares during the period. Franklin Resources Inc. raised its position in shares of Caleres by 1.7% in the 3rd quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker’s stock worth $908,000 after acquiring an additional 479 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Caleres by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker’s stock valued at $26,183,000 after purchasing an additional 27,291 shares during the period. Barclays PLC boosted its position in shares of Caleres by 108.8% during the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock valued at $1,843,000 after purchasing an additional 29,057 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Caleres during the third quarter worth approximately $228,000. 98.44% of the stock is owned by institutional investors.

Caleres Stock Performance

CAL stock opened at $21.19 on Friday. The stock’s 50 day simple moving average is $27.01 and its 200 day simple moving average is $32.19. The company has a market cap of $712.60 million, a P/E ratio of 4.72 and a beta of 1.96. Caleres, Inc. has a fifty-two week low of $20.97 and a fifty-two week high of $44.51.

Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 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 firm had revenue of $740.90 million for the quarter, compared to the consensus estimate of $751.35 million. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. Equities analysts predict that Caleres, Inc. will post 3.5 earnings per share for the current year.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, December 27th. Caleres’s dividend payout ratio (DPR) is 6.24%.

Analysts Set New Price Targets

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

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.