XTX Topco Ltd Takes Position in Caleres, Inc. (NYSE:CAL)

XTX Topco Ltd acquired a new position in Caleres, Inc. (NYSE:CAL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,699 shares of the textile maker’s stock, valued at approximately $688,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mariner LLC grew its position in Caleres by 68.5% in the fourth quarter. Mariner LLC now owns 23,298 shares of the textile maker’s stock worth $540,000 after acquiring an additional 9,471 shares in the last quarter. Barclays PLC boosted its holdings in Caleres by 7.0% in the fourth quarter. Barclays PLC now owns 59,661 shares of the textile maker’s stock worth $1,382,000 after purchasing an additional 3,885 shares in the last quarter. Optimize Financial Inc acquired a new position in Caleres during the fourth quarter worth $318,000. Capital Fund Management S.A. raised its holdings in Caleres by 132.7% during the fourth quarter. Capital Fund Management S.A. now owns 39,145 shares of the textile maker’s stock valued at $907,000 after buying an additional 22,320 shares in the last quarter. Finally, Greenland Capital Management LP acquired a new stake in shares of Caleres in the fourth quarter worth about $753,000. Institutional investors own 98.44% of the company’s stock.

Caleres Trading Up 6.1 %

Shares of Caleres stock opened at $15.27 on Friday. The firm has a fifty day simple moving average of $16.49 and a 200-day simple moving average of $22.96. The stock has a market capitalization of $513.39 million, a price-to-earnings ratio of 3.40 and a beta of 1.42. Caleres, Inc. has a 1-year low of $14.25 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 analysts’ consensus estimates of $0.27 by $0.06. The firm had revenue of $639.20 million during the quarter, compared to analyst estimates of $645.79 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business’s revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. As a group, research analysts predict that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.83%. The ex-dividend date was Thursday, March 27th. Caleres’s dividend payout ratio is currently 9.12%.

Analyst Ratings Changes

Separately, Loop Capital lowered their price objective on Caleres from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, April 4th.

Insider Transactions at Caleres

In related news, Director Lori Greeley bought 9,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price 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 $177,700. The trade was a 900.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.80% of the company’s stock.

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.