Caleres, Inc. (NYSE:CAL) Director Kyle Gendreau Buys 5,000 Shares

Caleres, Inc. (NYSE:CAL) Director Kyle Gendreau purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $19.93 per share, with a total value of $99,650.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $99,650. This 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 hyperlink.

Caleres Stock Performance

Shares of NYSE CAL traded up $0.06 during trading on Wednesday, reaching $19.74. The stock had a trading volume of 578,858 shares, compared to its average volume of 662,131. The business’s 50-day moving average price is $25.83 and its 200-day moving average price is $31.64. Caleres, Inc. has a fifty-two week low of $19.21 and a fifty-two week high of $44.51. The company has a market cap of $663.69 million, a P/E ratio of 4.40 and a beta of 1.96.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $740.90 million during the quarter, compared to analyst estimates of $751.35 million. During the same quarter in the previous year, the business posted $1.37 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. Analysts forecast that Caleres, Inc. will post 3.24 EPS for the current fiscal year.

Caleres Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.07 per share. The ex-dividend date was Friday, December 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.42%. Caleres’s dividend payout ratio (DPR) is currently 6.24%.

Hedge Funds Weigh In On Caleres

Several large investors have recently bought and sold shares of the business. nVerses Capital LLC boosted its position in shares of Caleres by 125.0% during the 3rd quarter. nVerses Capital LLC now owns 2,700 shares of the textile maker’s stock worth $89,000 after acquiring an additional 1,500 shares in the last quarter. Creative Planning purchased a new stake in Caleres during the third quarter worth approximately $204,000. Y Intercept Hong Kong Ltd purchased a new stake in Caleres during the third quarter worth approximately $228,000. AXA S.A. boosted its holdings in Caleres by 28.5% in the second quarter. AXA S.A. now owns 6,939 shares of the textile maker’s stock valued at $233,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Olympiad Research LP increased its stake in Caleres by 37.3% in the third quarter. Olympiad Research LP now owns 10,530 shares of the textile maker’s stock valued at $348,000 after purchasing an additional 2,859 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CAL. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital dropped their price target on shares of Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research note 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.