Principal Financial Group Inc. Buys 56,346 Shares of Caleres, Inc. (NYSE:CAL)

Principal Financial Group Inc. grew its position in shares of Caleres, Inc. (NYSE:CAL) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,835,057 shares of the textile maker’s stock after purchasing an additional 56,346 shares during the period. Principal Financial Group Inc. owned about 0.05% of Caleres worth $60,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAL. Vanguard Group Inc. lifted its position in Caleres by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,160,116 shares of the textile maker’s stock worth $129,660,000 after buying an additional 26,214 shares during the last quarter. 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. Millennium Management LLC boosted its stake in shares of Caleres by 58.8% in the 2nd quarter. Millennium Management LLC now owns 221,082 shares of the textile maker’s stock valued at $7,428,000 after purchasing an additional 81,836 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in shares of Caleres by 69.6% during the 2nd quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock valued at $6,513,000 after purchasing an additional 79,581 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in Caleres by 53.7% in the 2nd quarter. Squarepoint Ops LLC now owns 84,124 shares of the textile maker’s stock worth $2,827,000 after purchasing an additional 29,388 shares during the period. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Caleres Trading Down 1.5 %

Shares of Caleres stock opened at $29.79 on Friday. Caleres, Inc. has a 12 month low of $25.62 and a 12 month high of $44.51. The firm has a market capitalization of $1.05 billion, a P/E ratio of 6.45 and a beta of 1.93. The business has a fifty day simple moving average of $32.78 and a two-hundred day simple moving average of $35.09.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, September 12th. The textile maker reported $0.85 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.37). Caleres had a return on equity of 24.63% and a net margin of 5.84%. The business had revenue of $683.30 million for the quarter, compared to the consensus estimate of $723.80 million. During the same period in the previous year, the firm earned $0.98 EPS. The company’s revenue was down 1.8% on a year-over-year basis. Analysts predict that Caleres, Inc. will post 4.04 earnings per share for the current year.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, September 13th. Caleres’s payout ratio is 6.06%.

Wall Street Analysts Forecast Growth

CAL has been the subject of a number of recent research reports. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Loop Capital lowered their price target on Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, September 13th.

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.