Principal Financial Group Inc. Has $28.14 Million Stock Holdings in Caleres, Inc. (NYSE:CAL)

Principal Financial Group Inc. decreased its stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,633,339 shares of the textile maker's stock after selling 91,292 shares during the period. Principal Financial Group Inc. owned approximately 4.86% of Caleres worth $28,142,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in shares of Caleres by 244.0% in the first quarter. Versant Capital Management Inc now owns 1,455 shares of the textile maker's stock valued at $25,000 after buying an additional 1,032 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Caleres by 254.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock valued at $40,000 after purchasing an additional 1,244 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Caleres during the fourth quarter worth about $81,000. Canada Pension Plan Investment Board acquired a new position in Caleres during the fourth quarter worth approximately $86,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Caleres by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 5,097 shares of the textile maker's stock valued at $88,000 after buying an additional 2,548 shares during the last quarter. 98.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Loop Capital reduced their price objective on shares of Caleres from $16.00 to $14.00 and set a "hold" rating for the company in a research report on Friday, May 30th.

Caleres Stock Performance

Shares of CAL stock traded up $0.23 during trading on Friday, hitting $14.71. The company had a trading volume of 830,683 shares, compared to its average volume of 827,044. The firm has a market capitalization of $497.20 million, a P/E ratio of 6.13 and a beta of 1.03. Caleres, Inc. has a one year low of $12.09 and a one year high of $44.51. The stock's 50-day moving average price is $14.45 and its 200 day moving average price is $16.56.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The textile maker reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.15). The firm had revenue of $614.22 million for the quarter, compared to the consensus estimate of $622.93 million. Caleres had a return on equity of 14.94% and a net margin of 3.11%. The business's revenue was down 6.8% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. On average, 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 Monday, June 30th. Stockholders of record on Thursday, June 5th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.90%. Caleres's dividend payout ratio (DPR) is currently 11.67%.

About Caleres

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.