356,592 Shares in Caleres, Inc. (NYSE:CAL) Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC bought a new position in shares of Caleres, Inc. (NYSE:CAL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 356,592 shares of the textile maker's stock, valued at approximately $8,259,000. Voloridge Investment Management LLC owned 1.06% of Caleres at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CAL. Smartleaf Asset Management LLC lifted its holdings in shares of Caleres by 254.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock worth $40,000 after buying an additional 1,244 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Caleres in the fourth quarter worth $59,000. Lee Danner & Bass Inc. purchased a new stake in Caleres in the fourth quarter worth $81,000. Canada Pension Plan Investment Board purchased a new position in Caleres during the fourth quarter valued at $86,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Caleres during the fourth quarter valued at $149,000. Institutional investors own 98.44% of the company's stock.

Caleres Stock Performance

Shares of NYSE CAL remained flat at $13.38 during midday trading on Friday. 637,117 shares of the stock were exchanged, compared to its average volume of 792,387. Caleres, Inc. has a twelve month low of $13.17 and a twelve month high of $44.51. The company has a market capitalization of $449.73 million, a price-to-earnings ratio of 2.98 and a beta of 1.11. The firm has a fifty day moving average price of $16.10 and a 200-day moving average price of $19.81.

Caleres (NYSE:CAL - Get Free Report) last posted its earnings results on Thursday, May 29th. The textile maker reported $0.22 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 business had revenue of $614.22 million during the quarter, compared to analysts' expectations of $622.93 million. During the same period last year, the company earned $0.88 EPS. The business's quarterly revenue was down 6.8% compared to the same quarter last year. On average, analysts forecast that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 5th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, June 5th. Caleres's dividend payout ratio (DPR) is 9.12%.

Insider Transactions at Caleres

In other news, Director Lori Greeley bought 9,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of $17.77 per share, for a total transaction of $159,930.00. Following the purchase, the director now owns 10,000 shares of the company's stock, valued at $177,700. This represents a 900.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.10% of the company's stock.

Analysts Set New Price Targets

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

Caleres 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.