ExodusPoint Capital Management LP Acquires New Holdings in Caleres, Inc. (NYSE:CAL)

ExodusPoint Capital Management LP bought a new stake in Caleres, Inc. (NYSE:CAL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 115,400 shares of the textile maker's stock, valued at approximately $2,673,000. ExodusPoint Capital Management LP owned approximately 0.34% of Caleres as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 1,244 shares during the period. Golden State Wealth Management LLC acquired a new position in Caleres in the 4th quarter worth approximately $59,000. Lee Danner & Bass Inc. purchased a new position in Caleres during the 4th quarter worth approximately $81,000. KLP Kapitalforvaltning AS acquired a new stake in Caleres during the 4th quarter valued at approximately $149,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Caleres in the 3rd quarter valued at $228,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Loop Capital reduced their target price on shares of Caleres from $17.00 to $16.00 and set a "hold" rating for the company in a report on Friday, April 4th.

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Caleres Stock Down 1.8 %

Shares of CAL stock traded down $0.29 during mid-day trading on Friday, hitting $15.95. 1,050,118 shares of the stock were exchanged, compared to its average volume of 716,794. Caleres, Inc. has a 52-week low of $14.33 and a 52-week high of $44.51. The firm has a fifty day moving average of $16.66 and a 200 day moving average of $23.39. The company has a market cap of $535.94 million, a PE ratio of 3.55 and a beta of 1.42.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company had revenue of $639.20 million for the quarter, compared to analyst estimates of $645.79 million. During the same period last year, the company earned $0.86 earnings per share. Caleres's quarterly revenue was down 8.3% compared to the same quarter last year. Equities analysts predict that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 27th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.76%. Caleres's dividend payout ratio (DPR) is 9.12%.

Insider Transactions at Caleres

In other Caleres news, Director Lori Greeley acquired 9,000 shares of the business's stock in a transaction on Thursday, March 27th. The stock was bought at an average price of $17.77 per share, for a total transaction of $159,930.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $177,700. The trade was a 900.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kyle Gendreau acquired 5,000 shares of the stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $99,650. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.80% 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.