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

Caleres, Inc. (NYSE:CAL)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $16.16 and last traded at $16.23, with a volume of 230649 shares trading hands. The stock had previously closed at $16.81.

Analyst Ratings Changes

Separately, Loop Capital dropped their target price on Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a report on Friday, December 6th.

Caleres Trading Down 3.3 %

The company has a fifty day simple moving average of $20.33 and a 200-day simple moving average of $28.99. The company has a market capitalization of $546.59 million, a PE ratio of 3.63 and a beta of 1.92.

Caleres (NYSE:CAL) last released its quarterly earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). The business had revenue of $740.90 million for 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%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. On average, equities analysts predict that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, December 27th. Caleres’s dividend payout ratio is presently 6.24%.

Insider Buying and Selling

In other news, Director Kyle Gendreau bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased 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 approximately $99,650. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Caleres

A number of hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Caleres by 31.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,962 shares of the textile maker’s stock valued at $2,338,000 after purchasing an additional 24,316 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Caleres in the 4th quarter valued at about $8,259,000. Vident Advisory LLC raised its position in Caleres by 32.6% in the 4th quarter. Vident Advisory LLC now owns 15,918 shares of the textile maker’s stock valued at $369,000 after purchasing an additional 3,912 shares in the last quarter. Tidal Investments LLC acquired a new stake in Caleres in the 4th quarter valued at about $406,000. Finally, Rafferty Asset Management LLC raised its position in Caleres by 18.0% in the 4th quarter. Rafferty Asset Management LLC now owns 15,920 shares of the textile maker’s stock valued at $369,000 after purchasing an additional 2,434 shares in the last quarter. Institutional investors and hedge funds own 98.44% 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.