Bridgeway Capital Management LLC Boosts Stock Position in Caleres, Inc. (NYSE:CAL)

Bridgeway Capital Management LLC increased its position in Caleres, Inc. (NYSE:CAL - Free Report) by 579.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,312 shares of the textile maker's stock after acquiring an additional 218,611 shares during the period. Bridgeway Capital Management LLC owned approximately 0.76% of Caleres worth $5,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Invesco Ltd. lifted its stake in shares of Caleres by 48.6% in the 4th quarter. Invesco Ltd. now owns 770,518 shares of the textile maker's stock valued at $17,845,000 after purchasing an additional 252,140 shares during the period. Royce & Associates LP raised its position in shares of Caleres by 27.3% in the fourth quarter. Royce & Associates LP now owns 804,378 shares of the textile maker's stock valued at $18,629,000 after buying an additional 172,568 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Caleres by 8.9% in the 4th 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 in the last quarter. Renaissance Technologies LLC acquired a new position in Caleres during the fourth quarter worth $3,781,000. Finally, Balyasny Asset Management L.P. purchased a new position in Caleres during the fourth quarter worth about $3,251,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Caleres

In other news, Director Lori Greeley bought 9,000 shares of Caleres stock in a transaction dated Thursday, March 27th. The stock was acquired at an average cost of $17.77 per share, with a total value of $159,930.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $177,700. This trade represents a 900.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 4.10% of the stock is currently owned by insiders.

Caleres Stock Down 4.1 %

NYSE CAL traded down $0.65 during trading on Friday, hitting $15.04. The stock had a trading volume of 670,827 shares, compared to its average volume of 751,744. The company has a market capitalization of $505.52 million, a PE ratio of 3.35 and a beta of 1.11. The firm has a 50 day moving average price of $16.04 and a 200 day moving average price of $21.03. Caleres, Inc. has a twelve month low of $14.25 and a twelve month high of $44.51.

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, beating the consensus estimate of $0.27 by $0.06. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business had revenue of $639.20 million for the quarter, compared to analysts' expectations of $645.79 million. During the same period last year, the firm earned $0.86 earnings per share. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 27th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.86%. Caleres's dividend 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.