Connor Clark & Lunn Investment Management Ltd. Has $1.67 Million Stock Holdings in Caleres, Inc. $CAL

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in shares of Caleres, Inc. (NYSE:CAL) by 11.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,235 shares of the textile maker’s stock after selling 17,732 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Caleres were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Caleres by 6.0% during the first quarter. American Century Companies Inc. now owns 1,216,998 shares of the textile maker’s stock worth $20,969,000 after buying an additional 68,779 shares during the period. Royce & Associates LP boosted its position in Caleres by 4.9% during the first quarter. Royce & Associates LP now owns 843,445 shares of the textile maker’s stock valued at $14,533,000 after acquiring an additional 39,067 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in Caleres by 148.2% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 50,076 shares of the textile maker’s stock worth $863,000 after acquiring an additional 29,900 shares during the period. Paradigm Capital Management Inc. NY raised its position in shares of Caleres by 2.8% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 738,500 shares of the textile maker’s stock worth $12,724,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Caleres by 5.4% in the 1st quarter. Invesco Ltd. now owns 811,952 shares of the textile maker’s stock valued at $13,990,000 after purchasing an additional 41,434 shares during the period. 98.44% of the stock is currently owned by institutional investors.

Caleres Stock Performance

Shares of NYSE CAL opened at $10.27 on Monday. The stock has a market cap of $347.40 million, a price-to-earnings ratio of 5.87 and a beta of 1.08. Caleres, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $33.24. The firm’s 50-day simple moving average is $13.00 and its 200 day simple moving average is $13.99.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.35 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.16). Caleres had a net margin of 2.26% and a return on equity of 11.91%. The firm had revenue of $658.52 million during the quarter, compared to analysts’ expectations of $656.93 million. During the same quarter last year, the business posted $0.98 EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, sell-side analysts predict that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, September 12th. Caleres’s dividend payout ratio (DPR) is currently 16.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CAL shares. Zacks Research raised Caleres from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Caleres has a consensus rating of “Reduce” and an average price target of $14.00.

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.