Bryce Point Capital LLC Purchases Shares of 18,114 Caleres, Inc. (NYSE:CAL)

Bryce Point Capital LLC acquired a new position in Caleres, Inc. (NYSE:CAL) during the fourth quarter, Holdings Channel reports. The firm acquired 18,114 shares of the textile maker’s stock, valued at approximately $420,000.

Several other institutional investors have also modified their holdings of CAL. Smartleaf Asset Management LLC raised its position in 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 acquiring an additional 1,244 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Caleres in the 4th quarter worth approximately $59,000. Lee Danner & Bass Inc. bought a new stake in shares of Caleres in the 4th quarter worth approximately $81,000. KLP Kapitalforvaltning AS acquired a new stake in Caleres during the fourth quarter valued at approximately $149,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Caleres during the third quarter worth approximately $228,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Trading Up 3.1 %

Shares of CAL opened at $16.00 on Friday. The business’s 50-day moving average price is $17.02 and its 200 day moving average price is $24.21. The stock has a market capitalization of $537.90 million, a P/E ratio of 3.56 and a beta of 1.82. Caleres, Inc. has a 1-year low of $14.38 and a 1-year high of $44.51.

Caleres (NYSE:CAL) last released its earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.06. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business had revenue of $639.20 million for the quarter, compared to the consensus estimate of $645.79 million. During the same period last year, the firm posted $0.86 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, research analysts predict that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.75%. Caleres’s payout ratio is currently 9.12%.

Insider Transactions at Caleres

In related news, Director Lori Greeley acquired 9,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $17.77 per share, with a total value of $159,930.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $177,700. This trade represents a 900.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kyle Gendreau bought 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was bought at an average price of $19.93 per share, with a total value of $99,650.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $99,650. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Loop Capital dropped their price target on Caleres from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday.

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.