Boston Partners Has $31.48 Million Stake in Caleres, Inc. (NYSE:CAL)

Boston Partners decreased its stake in Caleres, Inc. (NYSE:CAL) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 778,698 shares of the textile maker’s stock after selling 2,943 shares during the quarter. Boston Partners owned 2.21% of Caleres worth $31,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CAL. SG Americas Securities LLC acquired a new position in Caleres in the first quarter valued at about $117,000. Shell Asset Management Co. acquired a new stake in shares of Caleres during the first quarter worth about $156,000. Assetmark Inc. raised its position in shares of Caleres by 7.9% during the fourth quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock worth $184,000 after purchasing an additional 440 shares during the period. BlackDiamond Wealth Management LLC acquired a new stake in shares of Caleres during the fourth quarter worth about $218,000. Finally, LSV Asset Management raised its position in shares of Caleres by 159.2% during the fourth quarter. LSV Asset Management now owns 7,517 shares of the textile maker’s stock worth $231,000 after purchasing an additional 4,617 shares during the period. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Stock Down 5.2 %

Shares of NYSE:CAL traded down $1.95 during mid-day trading on Friday, reaching $35.39. 560,584 shares of the stock were exchanged, compared to its average volume of 555,508. The company has a market cap of $1.24 billion, a P/E ratio of 7.50 and a beta of 1.91. Caleres, Inc. has a one year low of $23.79 and a one year high of $41.94. The stock’s 50 day simple moving average is $34.47 and its 200-day simple moving average is $35.74.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, May 30th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $659.20 million during the quarter, compared to the consensus estimate of $664.80 million. Caleres had a return on equity of 27.32% and a net margin of 5.97%. Caleres’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. Analysts anticipate that Caleres, Inc. will post 4.4 EPS for the current fiscal year.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. Caleres’s payout ratio is presently 5.93%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Caleres from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Insider Buying and Selling

In related news, insider Diane M. Sullivan sold 21,771 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $36.54, for a total transaction of $795,512.34. Following the completion of the transaction, the insider now directly owns 232,897 shares in the company, valued at $8,510,056.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Caleres news, insider Diane M. Sullivan sold 21,771 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.54, for a total value of $795,512.34. Following the completion of the transaction, the insider now directly owns 232,897 shares in the company, valued at $8,510,056.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Schmidt sold 25,332 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $37.63, for a total value of $953,243.16. Following the completion of the transaction, the chief executive officer now owns 348,771 shares of the company’s stock, valued at $13,124,252.73. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,284 shares of company stock worth $3,195,964. 3.80% of the stock is owned by corporate insiders.

Caleres 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.