Caleres (NYSE:CAL) Hits New 1-Year Low – Time to Sell?

Shares of Caleres, Inc. (NYSE:CAL) reached a new 52-week low on Monday . The stock traded as low as $16.26 and last traded at $16.87, with a volume of 44355 shares traded. The stock had previously closed at $16.68.

Wall Street Analyst Weigh In

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

Caleres Price Performance

The company has a 50 day simple moving average of $22.08 and a 200-day simple moving average of $30.01. The stock has a market capitalization of $582.30 million, a P/E ratio of 3.86 and a beta of 1.92.

Caleres (NYSE:CAL) last posted 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). The business had revenue of $740.90 million during the quarter, compared to analysts’ expectations of $751.35 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. Caleres’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. As a group, equities analysts forecast that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, December 27th. Caleres’s dividend payout ratio is presently 6.24%.

Insider Transactions at Caleres

In related news, Director Kyle Gendreau bought 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $99,650. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Caleres

A number of large investors have recently modified their holdings of CAL. Smartleaf Asset Management LLC grew its holdings in shares of Caleres by 254.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker’s stock worth $40,000 after purchasing an additional 1,244 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Caleres during the fourth quarter valued at about $59,000. Lee Danner & Bass Inc. bought a new stake in shares of Caleres in the fourth quarter worth about $81,000. nVerses Capital LLC increased its holdings in Caleres by 125.0% during the 3rd quarter. nVerses Capital LLC now owns 2,700 shares of the textile maker’s stock valued at $89,000 after purchasing an additional 1,500 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Caleres during the 4th quarter valued at about $149,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

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.