Caleres (NYSE:CAL) Hits New 1-Year Low – Here’s What Happened

Caleres, Inc. (NYSE:CAL) shares reached a new 52-week low during trading on Thursday . The company traded as low as $16.03 and last traded at $16.04, with a volume of 19679 shares changing hands. The stock had previously closed at $16.55.

Analyst Ratings Changes

Separately, Loop Capital reduced 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 Price Performance

The company has a market cap of $543.71 million, a PE ratio of 3.60 and a beta of 1.92. The company’s 50 day simple moving average is $19.73 and its two-hundred day simple moving average is $28.42.

Caleres (NYSE:CAL) last announced its earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business had revenue of $740.90 million for the quarter, compared to analysts’ expectations of $751.35 million. During the same period in the previous year, the company earned $1.37 earnings per share. Caleres’s quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts expect that Caleres, Inc. will post 3.23 EPS 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 given a $0.07 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.73%. Caleres’s dividend payout ratio (DPR) is presently 6.24%.

Insider Activity

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of Caleres stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $99,650. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Caleres by 31.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,962 shares of the textile maker’s stock worth $2,338,000 after buying an additional 24,316 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Caleres in the 4th quarter valued at approximately $8,259,000. Vident Advisory LLC increased its holdings in shares of Caleres by 32.6% in the fourth quarter. Vident Advisory LLC now owns 15,918 shares of the textile maker’s stock valued at $369,000 after purchasing an additional 3,912 shares during the period. Tidal Investments LLC purchased a new stake in shares of Caleres during the fourth quarter worth approximately $406,000. Finally, Rafferty Asset Management LLC lifted its holdings in shares of Caleres by 18.0% during the fourth quarter. Rafferty Asset Management LLC now owns 15,920 shares of the textile maker’s stock worth $369,000 after purchasing an additional 2,434 shares during the period. 98.44% of the stock is currently owned by institutional investors and hedge funds.

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.