Fox Run Management L.L.C. Makes New $342,000 Investment in Caleres, Inc. (NYSE:CAL)

Fox Run Management L.L.C. acquired a new position in Caleres, Inc. (NYSE:CAL) during the 4th quarter, HoldingsChannel reports. The fund acquired 14,767 shares of the textile maker’s stock, valued at approximately $342,000.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in Caleres by 3.2% during the third quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock valued at $60,648,000 after buying an additional 56,346 shares during the period. State Street Corp boosted its stake in shares of Caleres by 3.1% during the 3rd quarter. State Street Corp now owns 1,519,912 shares of the textile maker’s stock worth $50,233,000 after acquiring an additional 46,230 shares in the last quarter. American Century Companies Inc. grew its position in shares of Caleres by 10.1% during the 4th quarter. American Century Companies Inc. now owns 1,148,219 shares of the textile maker’s stock valued at $26,593,000 after acquiring an additional 105,392 shares during the period. FMR LLC raised its holdings in 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 purchasing an additional 215,372 shares during the period. Finally, Royce & Associates LP boosted its position in Caleres by 27.3% during the fourth quarter. Royce & Associates LP now owns 804,378 shares of the textile maker’s stock worth $18,629,000 after purchasing an additional 172,568 shares in the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Caleres Stock Up 2.1 %

CAL opened at $17.64 on Thursday. The firm’s fifty day simple moving average is $17.42 and its two-hundred day simple moving average is $24.99. Caleres, Inc. has a 52-week low of $15.00 and a 52-week high of $44.51. The company has a market cap of $593.25 million, a price-to-earnings ratio of 3.93 and a beta of 1.82.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company had revenue of $639.20 million for the quarter, compared to analysts’ expectations of $645.79 million. During the same period in the previous year, the firm posted $0.86 EPS. Caleres’s revenue was down 8.3% compared to the same quarter last year. On average, research analysts forecast that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a $0.07 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.59%. Caleres’s payout ratio is currently 9.12%.

Insiders Place Their Bets

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were purchased 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 in the company, valued at approximately $99,650. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Loop Capital cut their price objective on Caleres from $30.00 to $25.00 and set a “hold” rating for the company 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.