Renaissance Technologies LLC Acquires New Position in Caleres, Inc. (NYSE:CAL)

Renaissance Technologies LLC bought a new position in shares of Caleres, Inc. (NYSE:CAL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 163,250 shares of the textile maker's stock, valued at approximately $3,781,000. Renaissance Technologies LLC owned 0.49% of Caleres as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its stake in Caleres by 48.6% during the fourth quarter. Invesco Ltd. now owns 770,518 shares of the textile maker's stock valued at $17,845,000 after buying an additional 252,140 shares during the last quarter. Royce & Associates LP raised its stake in Caleres by 27.3% during the fourth quarter. Royce & Associates LP now owns 804,378 shares of the textile maker's stock valued at $18,629,000 after buying an additional 172,568 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Caleres by 42.2% during the third 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. Empowered Funds LLC raised its stake in Caleres by 314.6% during the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock valued at $3,620,000 after buying an additional 118,611 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in Caleres during the fourth quarter valued at $2,673,000. Hedge funds and other institutional investors own 98.44% of the company's stock.

Insider Activity

In other Caleres news, Director Lori Greeley purchased 9,000 shares of Caleres stock in a transaction dated Thursday, March 27th. The stock was 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 $177,700. This trade represents a 900.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, Loop Capital reduced their target price on Caleres from $17.00 to $16.00 and set a "hold" rating for the company in a report on Friday, April 4th.

Caleres Trading Up 0.9 %

NYSE:CAL traded up $0.14 during mid-day trading on Monday, reaching $15.62. The company's stock had a trading volume of 429,733 shares, compared to its average volume of 737,273. Caleres, Inc. has a 12-month low of $14.25 and a 12-month high of $44.51. The firm's fifty day moving average price is $16.24 and its two-hundred day moving average price is $22.01. The stock has a market cap of $525.02 million, a P/E ratio of 3.48 and a beta of 1.42.

Caleres (NYSE:CAL - Get Free Report) last issued 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. 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 analyst estimates of $645.79 million. During the same quarter in the previous year, the firm earned $0.86 EPS. Caleres's revenue was down 8.3% on a year-over-year basis. Analysts predict that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 27th. Caleres's dividend payout ratio (DPR) 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.