Caleres (NYSE:CAL) Shares Down 5.1% – What’s Next?

Caleres, Inc. (NYSE:CAL)’s share price traded down 5.1% during trading on Tuesday . The company traded as low as $16.41 and last traded at $16.41. 30,923 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 620,813 shares. The stock had previously closed at $17.28.

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 Stock Down 7.8 %

The firm has a market capitalization of $535.88 million, a PE ratio of 3.56 and a beta of 1.82. The business’s 50-day moving average price is $18.68 and its 200-day moving average price is $27.00.

Caleres Announces Dividend

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. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.76%. Caleres’s dividend payout ratio (DPR) is currently 6.24%.

Insiders Place Their Bets

In other news, Director Kyle Gendreau acquired 5,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $19.93 per share, with a total value of $99,650.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $99,650. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.80% of the company’s stock.

Institutional Trading of Caleres

Several institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its position in shares of Caleres by 108.8% during the third quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock worth $1,843,000 after purchasing an additional 29,057 shares in the last quarter. FMR LLC boosted its position in shares of 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 last quarter. Empowered Funds LLC grew its stake in shares of Caleres by 314.6% during the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker’s stock worth $3,620,000 after purchasing an additional 118,611 shares during the period. 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 in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of 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. 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.