Caleres, Inc. (NYSE:CAL) Short Interest Update

Caleres, Inc. (NYSE:CAL - Get Free Report) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 4,620,000 shares, a growth of 17.6% from the February 13th total of 3,930,000 shares. Currently, 14.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 814,700 shares, the days-to-cover ratio is presently 5.7 days.

Analyst Ratings Changes

Separately, Loop Capital reduced their price target on Caleres from $30.00 to $25.00 and set a "hold" rating on the stock in a research note on Friday, December 6th.

Caleres Price Performance

CAL stock traded down $0.28 during midday trading on Friday, hitting $16.56. The stock had a trading volume of 2,820,233 shares, compared to its average volume of 641,984. The firm has a market cap of $556.90 million, a price-to-earnings ratio of 3.69 and a beta of 1.82. The business has a 50-day moving average of $17.59 and a two-hundred day moving average of $25.44. Caleres has a 52-week low of $15.00 and a 52-week high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly 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. The company had revenue of $639.20 million for 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 period in the prior year, the firm earned $0.86 earnings per share. Research analysts predict that Caleres will post 3.23 earnings per share for the current year.

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Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, March 27th. Caleres's dividend payout ratio (DPR) is 9.12%.

Insider Buying and Selling

In related news, Director Kyle Gendreau purchased 5,000 shares of the firm's stock in a transaction on Friday, January 17th. The shares were acquired at an average cost of $19.93 per share, with a total value of $99,650.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $99,650. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Caleres

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Caleres by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,223,343 shares of the textile maker's stock worth $74,653,000 after acquiring an additional 50,041 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Caleres by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker's stock valued at $47,475,000 after purchasing an additional 167,326 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Caleres by 3.2% during the third quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker's stock valued at $60,648,000 after purchasing an additional 56,346 shares in the last quarter. State Street Corp lifted its holdings in shares of Caleres by 3.1% during the third quarter. State Street Corp now owns 1,519,912 shares of the textile maker's stock valued at $50,233,000 after purchasing an additional 46,230 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in Caleres in the third quarter valued at about $49,783,000. 98.44% of the stock is owned by institutional investors.

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.