Great Lakes Advisors LLC Has $4.05 Million Holdings in Caleres, Inc. (NYSE:CAL)

Great Lakes Advisors LLC lessened its position in Caleres, Inc. (NYSE:CAL) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 174,996 shares of the textile maker’s stock after selling 12,643 shares during the period. Great Lakes Advisors LLC owned approximately 0.52% of Caleres worth $4,053,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CAL. Smartleaf Asset Management LLC grew its stake in Caleres by 254.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker’s stock valued at $40,000 after acquiring an additional 1,244 shares during the period. Golden State Wealth Management LLC acquired a new stake in Caleres in the fourth quarter valued at approximately $59,000. Y Intercept Hong Kong Ltd acquired a new stake in Caleres in the third quarter valued at approximately $228,000. Amundi grew its stake in Caleres by 146.1% in the fourth quarter. Amundi now owns 18,712 shares of the textile maker’s stock valued at $404,000 after acquiring an additional 11,109 shares during the period. Finally, Quest Partners LLC boosted its position in shares of Caleres by 6.6% during the third quarter. Quest Partners LLC now owns 14,028 shares of the textile maker’s stock valued at $464,000 after buying an additional 869 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Stock Up 1.4 %

Shares of NYSE:CAL opened at $15.48 on Friday. The stock has a market cap of $520.71 million, a price-to-earnings ratio of 3.45 and a beta of 1.82. Caleres, Inc. has a 12-month low of $15.00 and a 12-month high of $44.51. The business’s 50 day moving average is $18.11 and its 200 day moving average is $26.45.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.81%. Caleres’s payout ratio is 6.24%.

Insider Activity at Caleres

In other Caleres news, Director Kyle Gendreau acquired 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $99,650. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.80% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Loop Capital cut their target price on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, December 6th.

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.