Caleres, Inc. (NYSE:CAL) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Caleres, Inc. (NYSE:CAL) by 76.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,086 shares of the textile maker’s stock after acquiring an additional 3,925 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Caleres were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in Caleres by 87.1% in the fourth quarter. Pacer Advisors Inc. now owns 1,433,509 shares of the textile maker’s stock valued at $44,052,000 after purchasing an additional 667,195 shares in the last quarter. Invesco Ltd. grew its position in shares of Caleres by 3.0% in the 3rd quarter. Invesco Ltd. now owns 697,336 shares of the textile maker’s stock valued at $20,055,000 after buying an additional 20,061 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Caleres by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,144 shares of the textile maker’s stock worth $14,442,000 after acquiring an additional 5,785 shares in the last quarter. American Century Companies Inc. raised its stake in Caleres by 55.6% during the 3rd quarter. American Century Companies Inc. now owns 382,557 shares of the textile maker’s stock worth $11,002,000 after acquiring an additional 136,705 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its position in Caleres by 12.0% in the third quarter. Brandywine Global Investment Management LLC now owns 108,127 shares of the textile maker’s stock valued at $3,110,000 after acquiring an additional 11,615 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John W. Schmidt sold 25,332 shares of Caleres stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $38.71, for a total value of $980,601.72. Following the sale, the chief executive officer now owns 335,663 shares of the company’s stock, valued at $12,993,514.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Caleres news, SVP Mark A. Schmitt sold 18,373 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.01, for a total transaction of $753,476.73. Following the transaction, the senior vice president now owns 50,847 shares in the company, valued at approximately $2,085,235.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Schmidt sold 25,332 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $38.71, for a total value of $980,601.72. Following the transaction, the chief executive officer now directly owns 335,663 shares of the company’s stock, valued at $12,993,514.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,355 shares of company stock worth $3,401,500. 3.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. KeyCorp initiated coverage on Caleres in a research report on Wednesday, February 7th. They set a “sector weight” rating on the stock. Piper Sandler lifted their price target on Caleres from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Finally, Loop Capital increased their price objective on Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Caleres Stock Performance

Shares of NYSE:CAL opened at $36.97 on Monday. Caleres, Inc. has a one year low of $16.85 and a one year high of $41.94. The company has a 50-day simple moving average of $37.74 and a 200-day simple moving average of $32.83. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 7.69 and a beta of 2.01.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Tuesday, March 19th. The textile maker reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Caleres had a return on equity of 29.77% and a net margin of 6.10%. The firm had revenue of $697.10 million during the quarter, compared to the consensus estimate of $694.32 million. During the same period in the prior year, the business earned $0.65 EPS. The firm’s revenue was up .1% compared to the same quarter last year. As a group, research analysts forecast that Caleres, Inc. will post 4.4 EPS for the current fiscal year.

Caleres Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a yield of 0.76%. Caleres’s dividend payout ratio is currently 5.82%.

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.