Charles Schwab Investment Management Inc. Acquires 25,088 Shares of Caleres, Inc. (NYSE:CAL)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Caleres, Inc. (NYSE:CAL) by 4.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 556,642 shares of the textile maker’s stock after purchasing an additional 25,088 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Caleres were worth $12,892,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Caleres by 108.8% in the third 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 during the period. FMR LLC raised its position in shares of Caleres by 30.1% in the third quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock valued at $30,735,000 after purchasing an additional 215,372 shares during the period. Empowered Funds LLC raised its position in shares of Caleres by 314.6% in the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker’s stock valued at $3,620,000 after purchasing an additional 118,611 shares during the period. Geode Capital Management LLC raised its position in shares of Caleres by 3.6% in the third 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. Finally, Maverick Capital Ltd. bought a new position in shares of Caleres in the third quarter valued at approximately $1,038,000. Institutional investors own 98.44% of the company’s stock.

Insiders Place Their Bets

In other Caleres news, Director Kyle Gendreau acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $99,650. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.

Caleres Price Performance

CAL opened at $16.56 on Friday. Caleres, Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $44.51. The firm’s fifty day moving average price is $17.59 and its two-hundred day moving average price is $25.54. The company has a market capitalization of $556.90 million, a P/E ratio of 3.69 and a beta of 1.82.

Caleres (NYSE:CAL) last issued its earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $639.20 million for the quarter, compared to the consensus estimate of $645.79 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. On average, equities research analysts expect that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 1.69%. Caleres’s dividend payout ratio is currently 9.12%.

Analysts Set New Price Targets

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

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.