140,357 Shares in Caleres, Inc. (NYSE:CAL) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. purchased a new position in shares of Caleres, Inc. (NYSE:CAL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 140,357 shares of the textile maker's stock, valued at approximately $3,251,000. Balyasny Asset Management L.P. owned approximately 0.42% of Caleres as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Caleres by 116.8% during the fourth quarter. BNP Paribas Financial Markets now owns 177,620 shares of the textile maker's stock worth $4,114,000 after purchasing an additional 95,682 shares in the last quarter. AXA S.A. increased its position in shares of Caleres by 276.8% during the fourth quarter. AXA S.A. now owns 42,811 shares of the textile maker's stock worth $992,000 after purchasing an additional 31,449 shares in the last quarter. Freestone Grove Partners LP acquired a new position in Caleres during the fourth quarter worth $259,000. Northern Trust Corp boosted its stake in Caleres by 7.5% during the fourth quarter. Northern Trust Corp now owns 402,370 shares of the textile maker's stock worth $9,319,000 after buying an additional 28,009 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Caleres by 8.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,455 shares of the textile maker's stock valued at $706,000 after buying an additional 2,383 shares in the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Loop Capital dropped their target price on Caleres from $17.00 to $16.00 and set a "hold" rating for the company in a report on Friday, April 4th.

Insider Buying and Selling at Caleres

In related news, Director Lori Greeley bought 9,000 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $17.77 per share, with a total value of $159,930.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $177,700. This represents a 900.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.10% of the stock is currently owned by corporate insiders.

Caleres Trading Up 1.5%

NYSE:CAL traded up $0.27 during trading hours on Friday, hitting $17.80. The company had a trading volume of 651,301 shares, compared to its average volume of 762,536. The company has a 50-day moving average of $16.12 and a 200 day moving average of $20.60. The company has a market cap of $598.29 million, a P/E ratio of 3.96 and a beta of 1.11. Caleres, Inc. has a 1 year low of $14.25 and a 1 year high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last issued its earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $639.20 million during the quarter, compared to analysts' expectations of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The firm's quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. On average, analysts forecast that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were given a $0.07 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.57%. Caleres's payout ratio is currently 9.12%.

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.