Caleres (NYSE:CAL) Hits New 52-Week Low - Time to Sell?

Caleres, Inc. (NYSE:CAL - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $15.24 and last traded at $16.42, with a volume of 1188336 shares. The stock had previously closed at $16.10.

Wall Street Analysts Forecast Growth

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

Caleres Stock Up 3.0 %

The firm has a market capitalization of $584.20 million, a PE ratio of 3.87 and a beta of 1.82. The business has a 50-day moving average price of $18.79 and a 200-day moving average price of $27.39.

Caleres (NYSE:CAL - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $751.35 million. During the same period last year, the business earned $1.37 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current year.

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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 paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.61%. 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 at Caleres

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CAL. Franklin Resources Inc. raised its stake in shares of Caleres by 1.7% in the 3rd quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker's stock valued at $908,000 after acquiring an additional 479 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Caleres by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,448 shares of the textile maker's stock valued at $450,000 after purchasing an additional 643 shares during the period. Quest Partners LLC raised its position in Caleres by 6.6% in the third quarter. Quest Partners LLC now owns 14,028 shares of the textile maker's stock valued at $464,000 after purchasing an additional 869 shares during the period. MetLife Investment Management LLC lifted its stake in Caleres by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 20,870 shares of the textile maker's stock worth $483,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Caleres by 254.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock worth $40,000 after buying an additional 1,244 shares during the period. Institutional investors and hedge funds own 98.44% of the company's stock.

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.