Bank of New York Mellon Corp Sells 315,593 Shares of Caleres, Inc. (NYSE:CAL)

Bank of New York Mellon Corp lowered its position in shares of Caleres, Inc. (NYSE:CAL) by 48.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 337,666 shares of the textile maker’s stock after selling 315,593 shares during the quarter. Bank of New York Mellon Corp’s holdings in Caleres were worth $7,820,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CAL. Golden State Wealth Management LLC acquired a new position in shares of Caleres during the fourth quarter valued at about $59,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Caleres during the third quarter valued at about $228,000. Quest Partners LLC raised its holdings in shares of Caleres by 6.6% during the third quarter. Quest Partners LLC now owns 14,028 shares of the textile maker’s stock valued at $464,000 after purchasing an additional 869 shares during the period. Intech Investment Management LLC acquired a new position in shares of Caleres during the third quarter valued at about $472,000. Finally, Verition Fund Management LLC acquired a new position in shares of Caleres during the third quarter valued at about $863,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Price Performance

CAL opened at $15.48 on Friday. Caleres, Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $44.51. The firm has a market capitalization of $520.71 million, a PE ratio of 3.45 and a beta of 1.82. The company’s 50-day moving average is $18.11 and its 200 day moving average is $26.33.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.81%. Caleres’s dividend payout ratio is presently 6.24%.

Wall Street Analysts Forecast Growth

Separately, Loop Capital dropped their price objective on shares of Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, December 6th.

Insider Buying and Selling

In other news, Director Kyle Gendreau acquired 5,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $99,650. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by company insiders.

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.