First Trust Advisors LP Has $2.99 Million Holdings in Caleres, Inc. (NYSE:CAL)

First Trust Advisors LP boosted its holdings in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 25.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,147 shares of the textile maker's stock after buying an additional 26,551 shares during the quarter. First Trust Advisors LP owned 0.38% of Caleres worth $2,991,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of Caleres by 1.7% during the third quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker's stock worth $908,000 after acquiring an additional 479 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Caleres by 254.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock worth $40,000 after purchasing an additional 1,244 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Caleres during the fourth quarter worth $59,000. Illinois Municipal Retirement Fund grew its position in Caleres by 15.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 22,463 shares of the textile maker's stock valued at $520,000 after buying an additional 3,027 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Caleres in the fourth quarter valued at about $81,000. Institutional investors and hedge funds own 98.44% of the company's stock.

Caleres Trading Down 2.1 %

Shares of Caleres stock traded down $0.33 during trading hours on Friday, reaching $15.36. 175,342 shares of the company's stock were exchanged, compared to its average volume of 898,353. The firm has a market capitalization of $516.28 million, a price-to-earnings ratio of 3.42 and a beta of 1.11. The company has a fifty day moving average of $16.07 and a 200-day moving average of $21.19. Caleres, Inc. has a 52-week low of $14.25 and a 52-week high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, topping 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 firm had revenue of $639.20 million for the quarter, compared to analyst estimates of $645.79 million. During the same period in the previous year, the company posted $0.86 EPS. Caleres's revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Announces Dividend

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. This represents a $0.28 annualized dividend and a yield of 1.82%. The ex-dividend date was Thursday, March 27th. Caleres's dividend payout ratio is presently 9.12%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Caleres news, Director Lori Greeley bought 9,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of $17.77 per share, for a total transaction of $159,930.00. Following the acquisition, the director now directly 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 purchase was disclosed in a document filed with the SEC, which is available through this link. 4.10% of the stock is owned by insiders.

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.