Caleres (NYSE:CAL) Hits New 1-Year Low - Should You Sell?

Caleres, Inc. (NYSE:CAL - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $16.16 and last traded at $16.23, with a volume of 230649 shares traded. The stock had previously closed at $16.81.

Analyst Ratings Changes

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

Caleres Stock Up 2.1 %

The firm has a market capitalization of $560.78 million, a P/E ratio of 3.71 and a beta of 1.92. The business's 50 day moving average is $20.01 and its 200-day moving average is $28.64.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business had revenue of $740.90 million during the quarter, compared to the consensus estimate of $751.35 million. During the same quarter in the previous year, the business posted $1.37 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. Research analysts forecast that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

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Caleres Announces Dividend

The business also recently declared 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 1.68%. The ex-dividend date of this dividend was Friday, December 27th. Caleres's dividend payout ratio (DPR) is presently 6.24%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CAL. Creative Planning acquired a new position in Caleres in the 3rd quarter worth about $204,000. Louisiana State Employees Retirement System increased its stake in shares of Caleres by 2.4% in the third quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the textile maker's stock valued at $562,000 after buying an additional 400 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Caleres by 3.2% in the third quarter. State of Alaska Department of Revenue now owns 20,047 shares of the textile maker's stock valued at $662,000 after buying an additional 628 shares during the period. Janney Montgomery Scott LLC raised its holdings in Caleres by 2.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 78,281 shares of the textile maker's stock valued at $2,587,000 after buying an additional 1,676 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Caleres by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker's stock worth $60,648,000 after buying an additional 56,346 shares during the period. 98.44% of the stock is currently owned by institutional investors.

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.