Vanguard Group Inc. Sells 95,710 Shares of Caleres, Inc. (NYSE:CAL)

Vanguard Group Inc. trimmed its position in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,116,335 shares of the textile maker's stock after selling 95,710 shares during the period. Vanguard Group Inc. owned approximately 8.78% of Caleres worth $89,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new position in Caleres during the third quarter valued at about $1,752,000. Charles Schwab Investment Management Inc. grew its stake in shares of Caleres by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,144 shares of the textile maker's stock valued at $14,442,000 after purchasing an additional 5,785 shares during the period. American Century Companies Inc. grew its stake in shares of Caleres by 55.6% in the 3rd quarter. American Century Companies Inc. now owns 382,557 shares of the textile maker's stock valued at $11,002,000 after purchasing an additional 136,705 shares during the period. TD Asset Management Inc grew its stake in shares of Caleres by 2.3% in the 3rd quarter. TD Asset Management Inc now owns 92,600 shares of the textile maker's stock valued at $2,663,000 after purchasing an additional 2,100 shares during the period. Finally, Olympiad Research LP bought a new stake in shares of Caleres in the 3rd quarter valued at approximately $284,000. 98.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Mark A. Schmitt sold 18,373 shares of the firm's stock in a transaction on Monday, March 25th. The stock was sold at an average price of $41.01, for a total value of $753,476.73. Following the transaction, the senior vice president now directly owns 50,847 shares in the company, valued at approximately $2,085,235.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO John W. Schmidt sold 25,332 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.71, for a total value of $980,601.72. Following the transaction, the chief executive officer now directly owns 335,663 shares in the company, valued at approximately $12,993,514.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark A. Schmitt sold 18,373 shares of the firm's stock in a transaction on Monday, March 25th. The stock was sold at an average price of $41.01, for a total value of $753,476.73. Following the completion of the transaction, the senior vice president now owns 50,847 shares in the company, valued at $2,085,235.47. The disclosure for this sale can be found here. Insiders have sold a total of 70,691 shares of company stock valued at $2,587,479 in the last 90 days. 5.40% of the stock is owned by company insiders.

Caleres Stock Up 0.1 %

NYSE:CAL traded up $0.03 during trading hours on Friday, hitting $37.10. 429,423 shares of the stock were exchanged, compared to its average volume of 508,258. The company's 50 day moving average is $37.15 and its two-hundred day moving average is $31.57. Caleres, Inc. has a twelve month low of $16.85 and a twelve month high of $41.94. The company has a market capitalization of $1.30 billion, a P/E ratio of 7.71 and a beta of 1.99.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings data on Tuesday, March 19th. The textile maker reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. Caleres had a return on equity of 29.77% and a net margin of 6.10%. The firm had revenue of $697.10 million for the quarter, compared to the consensus estimate of $694.32 million. During the same quarter in the prior year, the business earned $0.65 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts expect that Caleres, Inc. will post 4.43 EPS for the current year.

Caleres Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, March 27th. Caleres's dividend payout ratio is 5.82%.

Wall Street Analyst Weigh In

CAL has been the topic of several recent analyst reports. Loop Capital boosted their target price on Caleres from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. KeyCorp initiated coverage on Caleres in a report on Wednesday, February 7th. They issued a "sector weight" rating on the stock. Finally, Piper Sandler boosted their target price on Caleres from $30.00 to $35.00 and gave the stock a "neutral" rating in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, Eastern 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.