Northern Trust Corp Grows Position in Caleres, Inc. (NYSE:CAL)

Northern Trust Corp boosted its holdings in Caleres, Inc. (NYSE:CAL - Free Report) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 402,370 shares of the textile maker's stock after acquiring an additional 28,009 shares during the quarter. Northern Trust Corp owned 1.20% of Caleres worth $9,319,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Caleres by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,223,343 shares of the textile maker's stock worth $74,653,000 after buying an additional 50,041 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Caleres by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker's stock worth $47,475,000 after buying an additional 167,326 shares during the last quarter. American Century Companies Inc. lifted its position in Caleres by 10.1% in the 4th quarter. American Century Companies Inc. now owns 1,148,219 shares of the textile maker's stock worth $26,593,000 after buying an additional 105,392 shares during the last quarter. Royce & Associates LP lifted its position in Caleres by 27.3% in the 4th 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 last quarter. Finally, Invesco Ltd. lifted its position in Caleres by 48.6% in the 4th quarter. Invesco Ltd. now owns 770,518 shares of the textile maker's stock worth $17,845,000 after buying an additional 252,140 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors.

Caleres Stock Performance

CAL traded up $0.16 on Tuesday, hitting $17.25. 585,222 shares of the company were exchanged, compared to its average volume of 763,208. The firm has a fifty day simple moving average of $16.20 and a two-hundred day simple moving average of $20.43. Caleres, Inc. has a 12 month low of $14.25 and a 12 month high of $44.51. The stock has a market capitalization of $579.81 million, a PE ratio of 3.84 and a beta of 1.11.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business had revenue of $639.20 million for the quarter, compared to analyst estimates of $645.79 million. During the same period last year, the company earned $0.86 EPS. Caleres's revenue for the quarter was down 8.3% compared to the same quarter last year. On average, equities analysts expect that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. Caleres's dividend payout ratio (DPR) is presently 9.12%.

Insider Activity

In other Caleres news, Director Lori Greeley bought 9,000 shares of Caleres stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of $17.77 per share, with a total value of $159,930.00. Following the completion of the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $177,700. This represents a 900.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

Caleres Company 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.