Caleres (NYSE:CAL) Hits New 1-Year Low - What's Next?

Shares of Caleres, Inc. (NYSE:CAL - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $15.07 and last traded at $15.13, with a volume of 169706 shares changing hands. The stock had previously closed at $15.44.

Wall Street Analyst Weigh In

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

Caleres Stock Performance

The company has a market cap of $511.67 million, a price-to-earnings ratio of 3.39 and a beta of 1.82. The company has a fifty day moving average of $18.38 and a two-hundred day moving average of $26.73.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Friday, December 27th. Caleres's dividend payout ratio (DPR) is 6.24%.

Insider Activity at Caleres

In related news, Director Kyle Gendreau bought 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of $19.93 per share, with a total value of $99,650.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $99,650. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CAL. Pacer Advisors Inc. bought a new position in Caleres during the 3rd quarter worth $49,783,000. Nokomis Capital L.L.C. bought a new position in Caleres during the 4th quarter worth $18,336,000. Voloridge Investment Management LLC bought a new position in Caleres during the 4th quarter worth $8,259,000. Invesco Ltd. raised its position in Caleres by 48.6% during the 4th quarter. Invesco Ltd. now owns 770,518 shares of the textile maker's stock worth $17,845,000 after purchasing an additional 252,140 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of Caleres by 579.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 256,312 shares of the textile maker's stock worth $5,936,000 after acquiring an additional 218,611 shares in the last quarter. 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.

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