South Dakota Investment Council Makes New Investment in Caleres, Inc. (NYSE:CAL)

South Dakota Investment Council bought a new stake in Caleres, Inc. (NYSE:CAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 38,500 shares of the textile maker’s stock, valued at approximately $892,000. South Dakota Investment Council owned approximately 0.11% of Caleres as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC raised its holdings in Caleres by 108.8% in the third quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock valued at $1,843,000 after acquiring an additional 29,057 shares in the last quarter. FMR LLC raised its stake in shares of Caleres by 30.1% in the 3rd quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock valued at $30,735,000 after purchasing an additional 215,372 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Caleres by 314.6% during the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker’s stock worth $3,620,000 after purchasing an additional 118,611 shares during the last quarter. Royce & Associates LP grew its stake in Caleres by 13.8% in the third quarter. Royce & Associates LP now owns 631,810 shares of the textile maker’s stock worth $20,881,000 after purchasing an additional 76,837 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Caleres by 3.6% in the third quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker’s stock valued at $26,183,000 after buying an additional 27,291 shares during the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caleres

In other news, Director Kyle Gendreau acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $19.93 per share, with a total value of $99,650.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $99,650. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Caleres Stock Performance

Shares of NYSE:CAL opened at $16.25 on Monday. The company’s fifty day moving average is $20.16 and its two-hundred day moving average is $28.78. Caleres, Inc. has a 1-year low of $16.09 and a 1-year high of $44.51. The stock has a market capitalization of $546.59 million, a price-to-earnings ratio of 3.62 and a beta of 1.92.

Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. During the same quarter last year, the company earned $1.37 EPS. Caleres’s revenue was down 2.8% compared to the same quarter last year. Sell-side analysts expect that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, December 27th. Caleres’s dividend payout ratio is presently 6.24%.

Analyst Upgrades and Downgrades

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

Caleres Company 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.