69,781 Shares in Caleres, Inc. (NYSE:CAL) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Caleres, Inc. (NYSE:CAL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 69,781 shares of the textile maker's stock, valued at approximately $1,616,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.21% of Caleres as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC increased its position in shares of Caleres by 108.8% in the third quarter. Barclays PLC now owns 55,776 shares of the textile maker's stock valued at $1,843,000 after acquiring an additional 29,057 shares during the last quarter. Millennium Management LLC increased its position in shares of Caleres by 1,087.7% in the fourth quarter. Millennium Management LLC now owns 180,822 shares of the textile maker's stock valued at $4,188,000 after acquiring an additional 165,598 shares during the last quarter. Tidal Investments LLC acquired a new position in Caleres during the fourth quarter worth approximately $406,000. Empowered Funds LLC increased its position in Caleres by 314.6% during the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock worth $3,620,000 after buying an additional 118,611 shares during the last quarter. Finally, Invesco Ltd. increased its position in Caleres by 48.6% during the fourth 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. Institutional investors and hedge funds own 98.44% of the company's stock.

Analysts Set New Price Targets

Separately, Loop Capital lowered their price target on Caleres from $16.00 to $14.00 and set a "hold" rating on the stock in a research report on Friday, May 30th.

Caleres Stock Up 3.3%

Shares of Caleres stock traded up $0.43 on Friday, hitting $13.58. The stock had a trading volume of 905,513 shares, compared to its average volume of 806,250. Caleres, Inc. has a twelve month low of $13.00 and a twelve month high of $44.51. The business's 50 day moving average is $15.60 and its two-hundred day moving average is $19.10. The stock has a market cap of $456.45 million, a price-to-earnings ratio of 3.02 and a beta of 1.08.

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 (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $622.93 million. During the same quarter last year, the firm posted $0.88 earnings per share. The company's quarterly revenue was down 6.8% on a year-over-year basis. As a group, equities analysts predict that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The company also recently disclosed 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 2.06%. Caleres's dividend payout ratio is 11.67%.

Insider Buying and Selling

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

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.