Janus Henderson Group PLC Acquires 167,034 Shares of Caleres, Inc. (NYSE:CAL)

Janus Henderson Group PLC boosted its holdings in Caleres, Inc. (NYSE:CAL - Free Report) by 1,022.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 183,368 shares of the textile maker's stock after purchasing an additional 167,034 shares during the quarter. Janus Henderson Group PLC owned about 0.55% of Caleres worth $4,247,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CAL. Smartleaf Asset Management LLC raised its position 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 period. Golden State Wealth Management LLC bought a new position in shares of Caleres in the 4th quarter worth $59,000. Lee Danner & Bass Inc. bought a new position in shares of Caleres in the 4th quarter worth $81,000. Canada Pension Plan Investment Board bought a new position in shares of Caleres in the 4th quarter worth $86,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Caleres in the 4th quarter worth $149,000. 98.44% of the stock is currently owned by institutional investors.

Caleres Stock Up 1.5%

Shares of NYSE:CAL opened at $17.80 on Monday. The stock has a market cap of $598.29 million, a price-to-earnings ratio of 3.96 and a beta of 1.11. Caleres, Inc. has a 12-month low of $14.25 and a 12-month high of $44.51. The business's 50 day moving average is $16.12 and its 200 day moving average is $20.54.

Caleres (NYSE:CAL - Get Free Report) last announced its earnings results 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. The company had revenue of $639.20 million for the quarter, compared to analysts' expectations of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. Caleres's quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. As a group, equities research analysts expect that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 27th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.57%. Caleres's payout ratio is 9.12%.

Analyst Ratings Changes

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

Insider Activity at Caleres

In related news, Director Lori Greeley purchased 9,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were bought 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 $177,700. This represents a 900.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.10% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.