South Dakota Investment Council Invests $892,000 in Caleres, Inc. (NYSE:CAL)

South Dakota Investment Council acquired a new stake in shares of Caleres, Inc. (NYSE:CAL) during the fourth quarter, HoldingsChannel reports. The firm acquired 38,500 shares of the textile maker’s stock, valued at approximately $892,000.

Several other institutional investors have also bought and sold shares of the stock. Barclays PLC increased its stake in Caleres by 108.8% during the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock valued at $1,843,000 after buying an additional 29,057 shares during the period. FMR LLC lifted 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 worth $30,735,000 after acquiring an additional 215,372 shares during the period. Empowered Funds LLC increased its stake 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 valued at $3,620,000 after acquiring an additional 118,611 shares during the period. Royce & Associates LP increased its stake in shares of Caleres by 13.8% during the third quarter. Royce & Associates LP now owns 631,810 shares of the textile maker’s stock valued at $20,881,000 after acquiring an additional 76,837 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Caleres by 3.6% during the third quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker’s stock worth $26,183,000 after purchasing an additional 27,291 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Insider Activity at Caleres

In other news, Director Kyle Gendreau acquired 5,000 shares of Caleres stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $99,650. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Caleres Trading Down 3.3 %

NYSE:CAL opened at $16.25 on Monday. The company has a 50-day moving average of $20.16 and a 200-day moving average of $28.78. The firm has a market cap of $546.59 million, a price-to-earnings ratio of 3.62 and a beta of 1.92. Caleres, Inc. has a twelve month low of $16.09 and a twelve month high of $44.51.

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

Caleres Dividend Announcement

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

Analysts Set New Price Targets

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