First Manhattan CO. LLC. Has $11.61 Million Stock Holdings in Caleres, Inc. (NYSE:CAL)

First Manhattan CO. LLC. lowered its stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 39.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 499,586 shares of the textile maker's stock after selling 321,251 shares during the quarter. First Manhattan CO. LLC. owned about 1.49% of Caleres worth $11,605,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Caleres by 254.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock worth $40,000 after purchasing an additional 1,244 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Caleres in the 4th quarter worth approximately $59,000. Lee Danner & Bass Inc. bought a new position in Caleres in the 4th quarter worth approximately $81,000. Canada Pension Plan Investment Board acquired a new position in shares of Caleres during the fourth quarter worth approximately $86,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Caleres in the fourth quarter valued at approximately $149,000. Institutional investors own 98.44% of the company's stock.

Caleres Stock Performance

Shares of NYSE:CAL traded up $2.39 on Monday, hitting $17.46. 1,584,290 shares of the company were exchanged, compared to its average volume of 755,075. The company's 50 day moving average price is $16.06 and its two-hundred day moving average price is $20.90. The firm has a market capitalization of $586.87 million, a price-to-earnings ratio of 3.89 and a beta of 1.11. Caleres, Inc. has a one year low of $14.25 and a one year high of $44.51.

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

Caleres Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders 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 dividend on an annualized basis and a yield of 1.60%. Caleres's dividend payout ratio is currently 9.12%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Caleres

In related news, Director Lori Greeley acquired 9,000 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $17.77 per share, with a total value of $159,930.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company's stock, valued at $177,700. This trade represents a 900.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.10% of the company's stock.

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.