97,820 Shares in Caleres, Inc. $CAL Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired 97,820 shares of Caleres, Inc., valued at approximately $1.685 million, making up 0.29% of the company's shares as of its latest SEC filing.
• Caleres recently reported earnings of $0.22 per share, falling short of analysts' expectations of $0.37, and showed a 6.8% year-over-year decline in quarterly revenue.
• The company announced a quarterly dividend of $0.07 per share, with an annualized yield of 1.9%, to be distributed on September 26th.

Nuveen LLC acquired a new stake in Caleres, Inc. (NYSE:CAL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 97,820 shares of the textile maker's stock, valued at approximately $1,685,000. Nuveen LLC owned 0.29% of Caleres as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in Caleres by 1,087.7% in the fourth quarter. Millennium Management LLC now owns 180,822 shares of the textile maker's stock valued at $4,188,000 after buying an additional 165,598 shares in the last quarter. Tidal Investments LLC purchased a new position in Caleres in the fourth quarter valued at about $406,000. Royce & Associates LP increased its holdings in Caleres by 4.9% in the first quarter. Royce & Associates LP now owns 843,445 shares of the textile maker's stock valued at $14,533,000 after buying an additional 39,067 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Caleres by 148.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 50,076 shares of the textile maker's stock valued at $863,000 after buying an additional 29,900 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Caleres by 116.8% in the fourth quarter. BNP Paribas Financial Markets now owns 177,620 shares of the textile maker's stock valued at $4,114,000 after buying an additional 95,682 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company's stock.

Caleres Stock Performance

NYSE CAL traded down $1.77 during mid-day trading on Thursday, reaching $13.18. 315,019 shares of the stock were exchanged, compared to its average volume of 895,453. Caleres, Inc. has a 1-year low of $12.09 and a 1-year high of $40.71. The business's fifty day simple moving average is $14.31 and its 200 day simple moving average is $15.17. The stock has a market capitalization of $445.52 million, a PE ratio of 5.49 and a beta of 1.08.

Caleres (NYSE:CAL - Get Free Report) last announced its earnings results on Thursday, September 4th. The textile maker reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.16). Caleres had a return on equity of 14.94% and a net margin of 3.11%.The firm had revenue of $658.52 million for the quarter, compared to analyst estimates of $656.93 million. During the same quarter last year, the business posted $0.98 EPS. The firm's revenue was down 3.6% compared to the same quarter last year. On average, analysts anticipate that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. Caleres's dividend payout ratio (DPR) is 11.67%.

Analyst Ratings Changes

A number of research analysts have issued reports on CAL shares. Zacks Research cut shares of Caleres from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. Loop Capital dropped their price objective on shares of Caleres from $16.00 to $14.00 and set a "hold" rating for the company in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Caleres currently has an average rating of "Reduce" and an average target price of $14.00.

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.