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

Caleres, Inc. (NYSE:CAL - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $17.12 and last traded at $17.19, with a volume of 1019199 shares. The stock had previously closed at $18.33.

Analysts Set New Price Targets

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

Caleres Trading Down 3.3 %

The business's 50-day simple moving average is $22.66 and its 200 day simple moving average is $30.37. The firm has a market cap of $560.61 million, a PE ratio of 3.71 and a beta of 1.92.

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

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.07 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.68%. Caleres's dividend payout ratio is presently 6.24%.

Insider Buying and Selling at Caleres

In other Caleres news, Director Kyle Gendreau bought 5,000 shares of Caleres stock in a transaction that occurred on Friday, January 17th. The shares were bought 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 of the company's stock, valued at approximately $99,650. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On Caleres

A number of large investors have recently modified their holdings of the business. Barclays PLC raised its stake in Caleres by 108.8% in the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker's stock worth $1,843,000 after acquiring an additional 29,057 shares during the last quarter. FMR LLC raised its stake in shares of Caleres by 30.1% in the third quarter. FMR LLC now owns 929,968 shares of the textile maker's stock worth $30,735,000 after purchasing an additional 215,372 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Caleres by 13.8% during the third quarter. Royce & Associates LP now owns 631,810 shares of the textile maker's stock worth $20,881,000 after purchasing an additional 76,837 shares during the period. Geode Capital Management LLC boosted its position in Caleres by 3.6% in the third quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker's stock valued at $26,183,000 after buying an additional 27,291 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new position in Caleres in the 3rd quarter worth approximately $1,038,000. Hedge funds and other 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.