Dimensional Fund Advisors LP Lowers Stake in Caleres, Inc. (NYSE:CAL)

Dimensional Fund Advisors LP cut its position in shares of Caleres, Inc. (NYSE:CAL) by 12.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,182,644 shares of the textile maker’s stock after selling 312,792 shares during the quarter. Dimensional Fund Advisors LP owned 0.06% of Caleres worth $34,157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Caleres by 329.0% during the fourth quarter. JPMorgan Chase & Co. now owns 553,585 shares of the textile maker’s stock worth $8,663,000 after buying an additional 424,530 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Caleres by 11.1% during the fourth quarter. Truist Financial Corp now owns 29,987 shares of the textile maker’s stock worth $470,000 after buying an additional 2,987 shares in the last quarter. SummerHaven Investment Management LLC purchased a new stake in shares of Caleres during the fourth quarter worth about $891,000. Nuveen Asset Management LLC grew its holdings in Caleres by 8.1% in the fourth quarter. Nuveen Asset Management LLC now owns 203,253 shares of the textile maker’s stock valued at $3,181,000 after purchasing an additional 15,309 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Caleres by 25.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,124 shares of the textile maker’s stock valued at $503,000 after purchasing an additional 6,593 shares during the period. Institutional investors and hedge funds own 77.23% of the company’s stock.

In other news, SVP Douglas Koch sold 15,000 shares of the business’s stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $21.18, for a total transaction of $317,700.00. Following the transaction, the senior vice president now directly owns 93,130 shares of the company’s stock, valued at $1,972,493.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Diane M. Sullivan sold 31,000 shares of the business’s stock in a transaction on Monday, February 8th. The stock was sold at an average price of $16.08, for a total transaction of $498,480.00. Following the transaction, the chief executive officer now directly owns 636,117 shares in the company, valued at $10,228,761.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,500 shares of company stock valued at $2,201,630. 5.60% of the stock is owned by insiders.

CAL opened at $22.89 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.91 and a debt-to-equity ratio of 0.76. Caleres, Inc. has a 52-week low of $4.94 and a 52-week high of $24.51. The company has a 50 day moving average of $20.30 and a two-hundred day moving average of $14.96. The company has a market cap of $877.19 million, a P/E ratio of -2.44 and a beta of 2.47.

Caleres (NYSE:CAL) last released its quarterly earnings data on Monday, March 15th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.13. Caleres had a negative net margin of 16.11% and a negative return on equity of 10.93%. The company had revenue of $571.00 million during the quarter, compared to the consensus estimate of $557.36 million. During the same period in the previous year, the firm earned $0.34 earnings per share. Caleres’s revenue for the quarter was down 18.3% on a year-over-year basis. Research analysts anticipate that Caleres, Inc. will post -1.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 9th. Shareholders of record on Thursday, March 25th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 24th. This represents a $0.28 annualized dividend and a yield of 1.22%. Caleres’s dividend payout ratio is currently 13.33%.

Separately, Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a report on Monday, March 29th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Caleres presently has a consensus rating of “Buy” and a consensus target price of $15.67.

Caleres Profile

Caleres, Inc engages in the retail and wholesale of footwear in the United States, China, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children.

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Institutional Ownership by Quarter for Caleres (NYSE:CAL)

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