Greenland Capital Management LP Takes Position in Caleres, Inc. (NYSE:CAL)

Greenland Capital Management LP purchased a new stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 32,530 shares of the textile maker's stock, valued at approximately $753,000. Greenland Capital Management LP owned 0.10% of Caleres at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings 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 valued at $40,000 after acquiring an additional 1,244 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Caleres during the fourth quarter valued at approximately $59,000. Lee Danner & Bass Inc. purchased a new position in Caleres in the 4th quarter worth approximately $81,000. KLP Kapitalforvaltning AS bought a new position in Caleres in the 4th quarter valued at approximately $149,000. Finally, Polymer Capital Management US LLC bought a new stake in Caleres in the 4th quarter worth about $220,000. Institutional investors own 98.44% of the company's stock.

Caleres Trading Down 2.5 %

Shares of CAL traded down $0.40 during trading hours on Monday, reaching $15.54. 217,712 shares of the stock traded hands, compared to its average volume of 927,749. Caleres, Inc. has a 52-week low of $14.33 and a 52-week high of $44.51. The company's 50-day moving average price is $16.66 and its two-hundred day moving average price is $23.32. The company has a market cap of $522.33 million, a P/E ratio of 3.46 and a beta of 1.42.

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Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.27 by $0.06. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business had revenue of $639.20 million for the quarter, compared to analysts' expectations of $645.79 million. During the same quarter in the previous year, the company earned $0.86 EPS. The business's quarterly revenue was down 8.3% compared to the same quarter last year. On average, research analysts forecast that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, March 27th. Caleres's payout ratio is currently 9.12%.

Insider Buying and Selling at Caleres

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

Wall Street Analyst Weigh In

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

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.