JPMorgan Chase & Co. Reduces Stock Position in Caleres, Inc. (NYSE:CAL)

JPMorgan Chase & Co. lessened its holdings in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 344,136 shares of the textile maker's stock after selling 74,586 shares during the period. JPMorgan Chase & Co. owned about 1.02% of Caleres worth $7,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CAL. Barclays PLC boosted its stake in shares of Caleres by 108.8% during the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker's stock valued at $1,843,000 after purchasing an additional 29,057 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Caleres by 314.6% during the 4th quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock worth $3,620,000 after acquiring an additional 118,611 shares during the period. Vanguard Group Inc. raised its position in shares of Caleres by 1.6% in the 4th 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. Victory Capital Management Inc. boosted its position in shares of Caleres by 50.8% during the fourth quarter. Victory Capital Management Inc. now owns 115,443 shares of the textile maker's stock valued at $2,674,000 after purchasing an additional 38,866 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Caleres by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 556,642 shares of the textile maker's stock worth $12,892,000 after purchasing an additional 25,088 shares during the period. Hedge funds and other institutional investors own 98.44% of the company's stock.

Wall Street Analysts Forecast Growth

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 report on Friday, April 4th.

Caleres Stock Up 0.3 %

Shares of NYSE CAL traded up $0.05 on Tuesday, reaching $15.33. 898,413 shares of the company's stock traded hands, compared to its average volume of 731,460. The company has a market cap of $515.27 million, a price-to-earnings ratio of 3.41 and a beta of 1.42. The business's 50 day simple moving average is $16.37 and its two-hundred day simple moving average is $22.54. Caleres, Inc. has a 12 month low of $14.25 and a 12 month high of $44.51.

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

Caleres Announces Dividend

The company also recently disclosed 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 was Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.83%. Caleres's dividend payout ratio is currently 9.12%.

Insiders Place Their Bets

In other Caleres news, Director Lori Greeley bought 9,000 shares of Caleres stock in a transaction on Thursday, March 27th. The stock was acquired 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. This trade represents a 900.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company's stock.

About Caleres

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.