Caleres, Inc. (NYSE:CAL) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its holdings in Caleres, Inc. (NYSE:CAL) by 25.6% during the second quarter, HoldingsChannel reports. The firm owned 901,852 shares of the textile maker’s stock after buying an additional 183,594 shares during the period. American Century Companies Inc.’s holdings in Caleres were worth $30,302,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CAL. Texas Permanent School Fund Corp lifted its holdings in shares of Caleres by 1.2% during the first quarter. Texas Permanent School Fund Corp now owns 29,207 shares of the textile maker’s stock worth $1,198,000 after purchasing an additional 348 shares during the period. SummerHaven Investment Management LLC raised its position in Caleres by 1.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,394 shares of the textile maker’s stock worth $988,000 after buying an additional 409 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Caleres by 7.9% in the 4th quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock worth $184,000 after acquiring an additional 440 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Caleres by 0.9% in the first quarter. New York State Teachers Retirement System now owns 51,107 shares of the textile maker’s stock valued at $2,097,000 after acquiring an additional 473 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Caleres during the second quarter worth about $40,000. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Caleres from a “hold” rating to a “buy” rating in a research report on Thursday. Loop Capital reduced their price target on Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, September 13th.

Caleres Stock Up 0.2 %

Shares of CAL opened at $32.95 on Thursday. Caleres, Inc. has a 52-week low of $24.71 and a 52-week high of $44.51. The company has a 50-day simple moving average of $37.51 and a 200-day simple moving average of $36.74. The company has a market capitalization of $1.16 billion, a PE ratio of 6.98 and a beta of 1.93.

Caleres (NYSE:CAL) last issued its earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.37). The company had revenue of $683.30 million during the quarter, compared to analysts’ expectations of $723.80 million. Caleres had a net margin of 5.97% and a return on equity of 27.32%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. On average, research analysts anticipate that Caleres, Inc. will post 4.4 EPS for the current year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.28 dividend on an annualized basis and a yield of 0.85%. Caleres’s payout ratio is 5.93%.

Insiders Place Their Bets

In other news, insider Diane M. Sullivan sold 17,068 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $35.45, for a total value of $605,060.60. Following the completion of the transaction, the insider now owns 150,449 shares in the company, valued at $5,333,417.05. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Caleres news, Director Carla C. Hendra sold 5,349 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $33.07, for a total value of $176,891.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Diane M. Sullivan sold 17,068 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total transaction of $605,060.60. Following the completion of the sale, the insider now owns 150,449 shares in the company, valued at $5,333,417.05. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

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.