UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Holdings in Caleres, Inc. (NYSE:CAL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Caleres, Inc. (NYSE:CAL) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,646 shares of the textile maker’s stock after selling 421 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Caleres were worth $2,533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Caleres by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock worth $60,648,000 after purchasing an additional 56,346 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Caleres during the third quarter valued at about $49,783,000. 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 acquiring an additional 215,372 shares during the period. American Century Companies Inc. lifted its holdings in shares of Caleres by 25.6% in the 2nd quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker’s stock worth $30,302,000 after acquiring an additional 183,594 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of Caleres by 13.8% during the 3rd 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 during the period. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Caleres Stock Up 1.3 %

Shares of CAL opened at $25.01 on Friday. The company has a market cap of $841.06 million, a P/E ratio of 5.57 and a beta of 1.92. Caleres, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $44.51. The firm’s 50 day moving average price is $30.43 and its 200 day moving average price is $33.79.

Caleres (NYSE:CAL) last released its earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The firm had revenue of $740.90 million for the quarter, compared to analysts’ expectations of $751.35 million. During the same quarter in the previous year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Research analysts forecast that Caleres, Inc. will post 3.5 earnings per share for the current year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 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 1.12%. Caleres’s payout ratio is currently 6.24%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CAL shares. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital cut their price objective on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a report 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.