Victory Capital Management Inc. Lowers Position in Caleres, Inc. (NYSE:CAL)

Victory Capital Management Inc. reduced its position in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 26.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,278 shares of the textile maker's stock after selling 30,165 shares during the quarter. Victory Capital Management Inc. owned about 0.25% of Caleres worth $1,469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Caleres by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,223,343 shares of the textile maker's stock worth $74,653,000 after acquiring an additional 50,041 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Caleres by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker's stock valued at $47,475,000 after acquiring an additional 167,326 shares in the last quarter. Nokomis Capital L.L.C. bought a new stake in shares of Caleres in the 4th quarter worth approximately $18,336,000. 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 valued at $17,845,000 after acquiring an additional 252,140 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Caleres by 7.5% during the 4th quarter. Northern Trust Corp now owns 402,370 shares of the textile maker's stock valued at $9,319,000 after buying an additional 28,009 shares during the last quarter. 98.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Caleres Stock Down 4.0%

Shares of CAL traded down $0.55 during trading hours on Friday, reaching $13.18. 693,722 shares of the company traded hands, compared to its average volume of 935,320. The stock has a market capitalization of $445.48 million, a P/E ratio of 5.49 and a beta of 1.03. Caleres, Inc. has a 12-month low of $12.09 and a 12-month high of $44.51. The business has a fifty day moving average price of $13.89 and a 200-day moving average price of $15.85.

Caleres (NYSE:CAL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The textile maker reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.15). Caleres had a return on equity of 14.94% and a net margin of 3.11%. The company had revenue of $614.22 million for the quarter, compared to analyst estimates of $622.93 million. During the same quarter last year, the company earned $0.88 EPS. The firm's revenue for the quarter was down 6.8% on a year-over-year basis. As a group, research analysts predict that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.1%. Caleres's dividend payout ratio (DPR) is presently 11.67%.

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.