Principal Financial Group Inc. Has $39.94 Million Holdings in Caleres, Inc. (NYSE:CAL)

Principal Financial Group Inc. cut its holdings in Caleres, Inc. (NYSE:CAL) by 6.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,724,631 shares of the textile maker’s stock after selling 110,426 shares during the quarter. Principal Financial Group Inc. owned 0.05% of Caleres worth $39,942,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Caleres by 3.1% in the third quarter. State Street Corp now owns 1,519,912 shares of the textile maker’s stock valued at $50,233,000 after buying an additional 46,230 shares during the period. Pacer Advisors Inc. acquired a new position in Caleres in the third quarter valued at approximately $49,783,000. FMR LLC lifted its stake in Caleres by 30.1% in the third quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock valued at $30,735,000 after buying an additional 215,372 shares during the period. Geode Capital Management LLC lifted its stake in Caleres by 3.6% in the third quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker’s stock valued at $26,183,000 after buying an additional 27,291 shares during the period. Finally, Royce & Associates LP lifted its stake in Caleres by 13.8% in the third quarter. Royce & Associates LP now owns 631,810 shares of the textile maker’s stock valued at $20,881,000 after buying an additional 76,837 shares during the period. 98.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kyle Gendreau purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $99,650. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Loop Capital lowered 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.

Caleres Stock Down 3.3 %

Shares of NYSE:CAL opened at $16.25 on Friday. Caleres, Inc. has a twelve month low of $16.09 and a twelve month high of $44.51. The stock’s 50 day moving average is $20.16 and its 200-day moving average is $28.86. The firm has a market capitalization of $546.59 million, a price-to-earnings ratio of 3.62 and a beta of 1.92.

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

Caleres Announces Dividend

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

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.