40,500 Shares in Caleres, Inc. $CAL Bought by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd purchased a new position in shares of Caleres, Inc. (NYSE:CAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,500 shares of the textile maker’s stock, valued at approximately $493,000.

Several other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Caleres by 56,997.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,836,841 shares of the textile maker’s stock worth $22,354,000 after purchasing an additional 1,833,624 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Caleres by 120.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,072,550 shares of the textile maker’s stock worth $13,986,000 after purchasing an additional 586,020 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Caleres during the second quarter worth about $3,908,000. Millennium Management LLC boosted its position in Caleres by 73.5% in the third quarter. Millennium Management LLC now owns 407,290 shares of the textile maker’s stock valued at $5,311,000 after buying an additional 172,479 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Caleres by 53.7% in the third quarter. Bank of America Corp DE now owns 465,151 shares of the textile maker’s stock valued at $6,066,000 after buying an additional 162,583 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Caleres Stock Up 0.5%

Shares of CAL opened at $13.57 on Monday. The company has a market capitalization of $457.87 million, a price-to-earnings ratio of -61.68 and a beta of 0.71. Caleres, Inc. has a 52 week low of $8.80 and a 52 week high of $16.85. The stock’s 50-day moving average price is $11.86 and its 200-day moving average price is $12.14.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, March 19th. The textile maker reported ($0.36) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.04. Caleres had a positive return on equity of 6.49% and a negative net margin of 0.24%.The company had revenue of $695.06 million during the quarter, compared to analysts’ expectations of $688.43 million. During the same period last year, the business earned $0.33 earnings per share. Caleres’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts anticipate that Caleres, Inc. will post 1.57 EPS for the current fiscal year.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, March 26th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, March 26th. Caleres’s payout ratio is -127.27%.

Analyst Upgrades and Downgrades

CAL has been the subject of a number of recent research reports. Weiss Ratings raised shares of Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Zacks Research raised shares of Caleres from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Seaport Research Partners raised their target price on shares of Caleres from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Caleres presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Caleres Profile

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.