Millennium Management LLC Has $4.19 Million Position in Caleres, Inc. (NYSE:CAL)

Millennium Management LLC grew its position in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 1,087.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,822 shares of the textile maker's stock after purchasing an additional 165,598 shares during the period. Millennium Management LLC owned 0.54% of Caleres worth $4,188,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. raised its stake in shares of Caleres by 48.6% in the 4th quarter. Invesco Ltd. now owns 770,518 shares of the textile maker's stock valued at $17,845,000 after purchasing an additional 252,140 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Caleres by 579.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 256,312 shares of the textile maker's stock valued at $5,936,000 after buying an additional 218,611 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Caleres by 27.3% in the fourth quarter. Royce & Associates LP now owns 804,378 shares of the textile maker's stock worth $18,629,000 after buying an additional 172,568 shares during the period. Dimensional Fund Advisors LP raised its position in Caleres by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker's stock valued at $47,475,000 after buying an additional 167,326 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Caleres by 1,022.6% during the 4th quarter. Janus Henderson Group PLC now owns 183,368 shares of the textile maker's stock valued at $4,247,000 after buying an additional 167,034 shares during the period. Institutional investors and hedge funds own 98.44% of the company's stock.

Insider Transactions at Caleres

In related news, Director Lori Greeley purchased 9,000 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $17.77 per share, with a total value of $159,930.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $177,700. This trade represents a 900.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 4.10% of the stock is currently owned by corporate insiders.

Caleres Trading Up 2.4%

CAL stock traded up $0.32 during trading on Tuesday, hitting $13.50. The company had a trading volume of 191,418 shares, compared to its average volume of 796,101. The company has a fifty day moving average price of $15.94 and a two-hundred day moving average price of $19.41. Caleres, Inc. has a fifty-two week low of $13.00 and a fifty-two week high of $44.51. The company has a market cap of $453.76 million, a P/E ratio of 3.01 and a beta of 1.11.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $614.22 million for the quarter, compared to the consensus estimate of $622.93 million. During the same period in the previous year, the business posted $0.88 earnings per share. The firm's revenue was down 6.8% compared to the same quarter last year. On average, analysts expect that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 5th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.28 annualized dividend and a yield of 2.07%. Caleres's dividend payout ratio (DPR) is 11.67%.

Wall Street Analyst Weigh In

Separately, Loop Capital dropped their price target on shares of Caleres from $16.00 to $14.00 and set a "hold" rating on the stock in a research report on Friday.

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.