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

Caleres, Inc. (NYSE:CAL - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $19.86 and last traded at $19.98, with a volume of 86931 shares. The stock had previously closed at $20.54.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CAL shares. StockNews.com downgraded Caleres from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Loop Capital decreased their price objective 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 Down 1.8 %

The firm has a fifty day moving average price of $26.06 and a 200 day moving average price of $31.75. The company has a market cap of $665.03 million, a P/E ratio of 4.40 and a beta of 1.96.

Caleres (NYSE:CAL - Get Free Report) last announced its earnings results 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). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. During the same quarter in the previous year, the company posted $1.37 earnings per share. Caleres's revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts anticipate that Caleres, Inc. will post 3.5 earnings per share for the current year.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.28 annualized dividend and a yield of 1.42%. Caleres's dividend payout ratio is currently 6.24%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CAL. nVerses Capital LLC grew its holdings in shares of Caleres by 125.0% during the third quarter. nVerses Capital LLC now owns 2,700 shares of the textile maker's stock worth $89,000 after buying an additional 1,500 shares in the last quarter. Creative Planning acquired a new position in shares of Caleres during the 3rd quarter worth approximately $204,000. Y Intercept Hong Kong Ltd bought a new stake in Caleres in the 3rd quarter valued at $228,000. AXA S.A. lifted its holdings in Caleres by 28.5% during the 2nd quarter. AXA S.A. now owns 6,939 shares of the textile maker's stock valued at $233,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Olympiad Research LP boosted its position in Caleres by 37.3% during the third quarter. Olympiad Research LP now owns 10,530 shares of the textile maker's stock worth $348,000 after purchasing an additional 2,859 shares during the period. Institutional investors 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.