Bryce Point Capital LLC Buys New Holdings in Caleres, Inc. (NYSE:CAL)

Bryce Point Capital LLC purchased a new position in shares of Caleres, Inc. (NYSE:CAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,114 shares of the textile maker's stock, valued at approximately $420,000. Bryce Point Capital LLC owned about 0.05% of Caleres at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Caleres by 1.7% in the third quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker's stock valued at $908,000 after acquiring an additional 479 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Caleres by 254.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock valued at $40,000 after acquiring an additional 1,244 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Caleres during the fourth quarter worth about $59,000. Illinois Municipal Retirement Fund lifted its position in shares of Caleres by 15.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 22,463 shares of the textile maker's stock worth $520,000 after purchasing an additional 3,027 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Caleres in the fourth quarter valued at approximately $81,000. Hedge funds and other institutional investors own 98.44% of the company's stock.

Insider Buying and Selling at Caleres

In other Caleres news, Director Kyle Gendreau bought 5,000 shares of Caleres stock in a transaction that occurred on Friday, January 17th. The shares were purchased 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 owns 5,000 shares of the company's stock, valued at $99,650. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lori Greeley purchased 9,000 shares of the stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of $17.77 per share, with a total value of $159,930.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $177,700. This trade represents a 900.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.80% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Separately, Loop Capital dropped their price target on shares of Caleres from $17.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, April 4th.

Caleres Stock Performance

Shares of CAL stock traded down $1.25 during mid-day trading on Thursday, hitting $15.82. 423,497 shares of the stock were exchanged, compared to its average volume of 709,296. Caleres, Inc. has a 12-month low of $14.33 and a 12-month high of $44.51. The stock has a market capitalization of $531.74 million, a price-to-earnings ratio of 3.52 and a beta of 1.42. The stock's fifty day simple moving average is $16.71 and its two-hundred day simple moving average is $23.62.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.06. The company had revenue of $639.20 million during the quarter, compared to analysts' expectations of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. On average, research analysts expect that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, March 27th. Caleres's dividend payout ratio (DPR) is presently 9.12%.

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.