Great Lakes Advisors LLC Cuts Stock Position in Caleres, Inc. (NYSE:CAL)

Great Lakes Advisors LLC lowered its holdings in Caleres, Inc. (NYSE:CAL) by 6.7% during the 4th quarter, Holdings Channel reports. The firm owned 174,996 shares of the textile maker’s stock after selling 12,643 shares during the period. Great Lakes Advisors LLC’s holdings in Caleres were worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CAL. Pacer Advisors Inc. purchased a new position in Caleres in the third quarter worth $49,783,000. FMR LLC raised its stake in shares of Caleres by 30.1% in the third quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock valued at $30,735,000 after buying an additional 215,372 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Caleres in the third quarter valued at $4,184,000. JPMorgan Chase & Co. raised its stake in shares of Caleres by 42.2% in 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 period. Finally, Empowered Funds LLC raised its stake in shares of Caleres by 314.6% in 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 period. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Caleres Price Performance

Shares of CAL opened at $15.48 on Friday. The firm has a market cap of $520.71 million, a PE ratio of 3.45 and a beta of 1.82. The stock’s fifty day moving average price is $18.11 and its two-hundred day moving average price is $26.45. Caleres, Inc. has a 1 year low of $15.00 and a 1 year high of $44.51.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.81%. Caleres’s payout ratio is 6.24%.

Insider Activity at Caleres

In related news, Director Kyle Gendreau acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $99,650. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Loop Capital lowered their target price on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

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.