Caleres (NYSE:CAL) Sets New 1-Year Low - Here's Why

Caleres, Inc. (NYSE:CAL - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $16.03 and last traded at $16.04, with a volume of 19679 shares traded. The stock had previously closed at $16.55.

Analyst Upgrades and Downgrades

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

Caleres Stock Performance

The company has a 50 day moving average of $19.45 and a 200 day moving average of $28.07. The firm has a market cap of $541.76 million, a P/E ratio of 3.59 and a beta of 1.92.

Caleres (NYSE:CAL - Get Free Report) last announced 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). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company had revenue of $740.90 million during the quarter, compared to analyst estimates of $751.35 million. During the same period in the prior year, the firm earned $1.37 EPS. Caleres's quarterly revenue was down 2.8% on a year-over-year basis. As a group, analysts expect that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Remove Ads

Caleres Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, December 27th. Caleres's dividend payout ratio is 6.24%.

Insider Buying and Selling

In other Caleres news, Director Kyle Gendreau acquired 5,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $19.93 per share, with a total value of $99,650.00. Following the transaction, the director now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by insiders.

Institutional Trading of Caleres

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its position in shares of Caleres by 254.4% in the fourth 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 during the period. Golden State Wealth Management LLC acquired a new position in Caleres during the 4th quarter valued at $59,000. Lee Danner & Bass Inc. bought a new stake in Caleres in the 4th quarter valued at $81,000. Canada Pension Plan Investment Board acquired a new stake in Caleres in the 4th quarter worth $86,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Caleres during the 4th quarter worth about $149,000. 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.