Man Group plc Takes $656,000 Position in Caleres, Inc. (NYSE:CAL)

Man Group plc acquired a new position in shares of Caleres, Inc. (NYSE:CAL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 28,331 shares of the textile maker's stock, valued at approximately $656,000. Man Group plc owned 0.08% of Caleres as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Barclays PLC raised its holdings in shares of Caleres by 108.8% during the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker's stock valued at $1,843,000 after buying an additional 29,057 shares during the period. Golden State Wealth Management LLC acquired a new stake in Caleres in the fourth quarter valued at approximately $59,000. Empowered Funds LLC raised its stake in shares of Caleres by 314.6% during the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock valued at $3,620,000 after purchasing an additional 118,611 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Caleres during the fourth quarter worth $973,000. Finally, South Dakota Investment Council purchased a new position in shares of Caleres in the fourth quarter valued at $892,000. Institutional investors and hedge funds own 98.44% of the company's stock.

Caleres Price Performance

CAL traded down $0.03 on Friday, reaching $13.35. The company's stock had a trading volume of 459,673 shares, compared to its average volume of 945,339. Caleres, Inc. has a 1 year low of $13.14 and a 1 year high of $44.51. The business's 50 day moving average is $16.10 and its 200 day moving average is $19.81. The stock has a market cap of $448.65 million, a price-to-earnings ratio of 2.98 and a beta of 1.11.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.15). The company had revenue of $614.22 million during the quarter, compared to analyst estimates of $622.93 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company's revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, research analysts forecast that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 5th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 2.10%. Caleres's payout ratio is 9.12%.

Insider Activity at Caleres

In other Caleres news, Director Lori Greeley bought 9,000 shares of the stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of $17.77 per share, for a total transaction of $159,930.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.10% of the company's stock.

Analyst Ratings Changes

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

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.