Invesco Ltd. Purchases 252,140 Shares of Caleres, Inc. (NYSE:CAL)

Invesco Ltd. increased its holdings in Caleres, Inc. (NYSE:CAL - Free Report) by 48.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 770,518 shares of the textile maker's stock after acquiring an additional 252,140 shares during the period. Invesco Ltd. owned about 2.29% of Caleres worth $17,845,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Caleres by 108.8% during the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker's stock worth $1,843,000 after acquiring an additional 29,057 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Caleres by 3.6% during the third quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker's stock valued at $26,183,000 after purchasing an additional 27,291 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Caleres by 1.7% during the third quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker's stock worth $908,000 after purchasing an additional 479 shares during the last quarter. Principal Financial Group Inc. grew its position in Caleres by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker's stock worth $60,648,000 after purchasing an additional 56,346 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Caleres by 42.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 418,722 shares of the textile maker's stock valued at $13,839,000 after buying an additional 124,266 shares during the last quarter. Institutional investors own 98.44% of the company's stock.

Insider Buying and Selling at Caleres

In other news, Director Lori Greeley purchased 9,000 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were purchased at an average price of $17.77 per share, with a total value of $159,930.00. Following the transaction, the director now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Caleres Price Performance

Shares of Caleres stock traded down $0.45 during trading hours on Friday, hitting $15.26. 113,180 shares of the company's stock traded hands, compared to its average volume of 732,968. The stock has a market capitalization of $512.92 million, a price-to-earnings ratio of 3.39 and a beta of 1.42. Caleres, Inc. has a 12-month low of $14.25 and a 12-month high of $44.51. The company has a fifty day simple moving average of $16.29 and a 200-day simple moving average of $22.38.

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

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 27th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 1.83%. Caleres's payout ratio is 9.12%.

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.