Caleres, Inc. (NYSE:CAL) Short Interest Down 9.2% in January

Caleres, Inc. (NYSE:CAL - Get Free Report) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 2,270,000 shares, a drop of 9.2% from the December 31st total of 2,500,000 shares. Currently, 7.0% of the company's stock are sold short. Based on an average daily volume of 679,300 shares, the short-interest ratio is presently 3.3 days.

Caleres Trading Up 0.0 %

Shares of NYSE:CAL traded up $0.01 during mid-day trading on Tuesday, hitting $17.19. 636,183 shares of the company traded hands, compared to its average volume of 666,113. The stock has a 50-day moving average price of $23.23 and a two-hundred day moving average price of $30.55. Caleres has a 12-month low of $17.12 and a 12-month high of $44.51. The stock has a market cap of $577.93 million, a P/E ratio of 3.83 and a beta of 1.92.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.15). The firm 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%. Caleres's revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, analysts expect that Caleres will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.07 per share. The ex-dividend date was Friday, December 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.63%. Caleres's dividend payout ratio is currently 6.24%.

Insider Buying and Selling

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of the firm's stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the purchase, the director now owns 5,000 shares of the company's stock, valued at $99,650. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Caleres

Institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. purchased a new position in Caleres in the third quarter worth $49,783,000. FMR LLC grew its position in Caleres by 30.1% during the third quarter. FMR LLC now owns 929,968 shares of the textile maker's stock valued at $30,735,000 after buying an additional 215,372 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Caleres during the third quarter worth about $4,184,000. JPMorgan Chase & Co. raised its position in Caleres by 42.2% in the third quarter. JPMorgan Chase & Co. now owns 418,722 shares of the textile maker's stock worth $13,839,000 after acquiring an additional 124,266 shares during the period. Finally, Empowered Funds LLC raised its position in Caleres by 314.6% in the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock worth $3,620,000 after acquiring an additional 118,611 shares during the period. 98.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Loop Capital decreased their target price on shares of Caleres from $30.00 to $25.00 and set a "hold" rating for the company in a research report on Friday, December 6th.

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.