BNP Paribas Financial Markets Boosts Holdings in Caleres, Inc. (NYSE:CAL)

BNP Paribas Financial Markets grew its stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 116.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,620 shares of the textile maker's stock after buying an additional 95,682 shares during the quarter. BNP Paribas Financial Markets owned 0.53% of Caleres worth $4,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAL. Invesco Ltd. boosted its holdings in shares of Caleres by 48.6% during the fourth quarter. Invesco Ltd. now owns 770,518 shares of the textile maker's stock worth $17,845,000 after purchasing an additional 252,140 shares during the period. Royce & Associates LP boosted its holdings in shares of Caleres by 27.3% during the fourth quarter. Royce & Associates LP now owns 804,378 shares of the textile maker's stock worth $18,629,000 after purchasing an additional 172,568 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Caleres by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker's stock worth $47,475,000 after purchasing an additional 167,326 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Caleres during the fourth quarter worth about $3,781,000. Finally, Empowered Funds LLC boosted its holdings in shares of Caleres by 314.6% during the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock worth $3,620,000 after purchasing an additional 118,611 shares during the period. 98.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Caleres Stock Up 2.1%

CAL stock traded up $0.36 during trading on Tuesday, reaching $17.45. The company's stock had a trading volume of 40,770 shares, compared to its average volume of 759,470. Caleres, Inc. has a 1 year low of $14.25 and a 1 year high of $44.51. The company's fifty day moving average is $16.16 and its 200-day moving average is $20.45. The company has a market capitalization of $586.36 million, a P/E ratio of 3.90 and a beta of 1.11.

Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06. The business had revenue of $639.20 million during 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 quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. Analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Thursday, March 27th. Caleres's dividend payout ratio is presently 9.12%.

Insider Activity

In other news, Director Lori Greeley purchased 9,000 shares of the business's stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost of $17.77 per share, with a total value of $159,930.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company's stock, valued at $177,700. This trade represents a 900.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.10% of the company's stock.

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.