Hussman Strategic Advisors Inc. Invests $973,000 in Caleres, Inc. (NYSE:CAL)

Hussman Strategic Advisors Inc. purchased a new position in Caleres, Inc. (NYSE:CAL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,000 shares of the textile maker's stock, valued at approximately $973,000. Hussman Strategic Advisors Inc. owned approximately 0.12% of Caleres at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of Caleres by 108.8% in the third quarter. Barclays PLC now owns 55,776 shares of the textile maker's stock worth $1,843,000 after buying an additional 29,057 shares in the last quarter. FMR LLC raised its stake in Caleres by 30.1% in the third quarter. FMR LLC now owns 929,968 shares of the textile maker's stock valued at $30,735,000 after purchasing an additional 215,372 shares in the last quarter. Empowered Funds LLC raised its stake in Caleres by 314.6% in the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock valued at $3,620,000 after purchasing an additional 118,611 shares in the last quarter. Royce & Associates LP raised its stake in Caleres by 13.8% in the third quarter. Royce & Associates LP now owns 631,810 shares of the textile maker's stock valued at $20,881,000 after purchasing an additional 76,837 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake 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 purchasing an additional 27,291 shares in the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Caleres Stock Performance

CAL traded down $0.56 on Friday, reaching $16.25. The company had a trading volume of 894,167 shares, compared to its average volume of 655,129. The business has a 50 day simple moving average of $20.16 and a 200 day simple moving average of $28.86. The company has a market cap of $546.59 million, a price-to-earnings ratio of 3.62 and a beta of 1.92. Caleres, Inc. has a 52-week low of $16.09 and a 52-week high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The textile maker reported $1.23 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $751.35 million. During the same quarter in the previous year, the business earned $1.37 earnings per share. The firm's revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts predict that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, December 27th. Caleres's payout ratio is currently 6.24%.

Insider Buying and Selling at Caleres

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of Caleres stock in a transaction on Friday, January 17th. The shares were acquired at an average cost 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 approximately $99,650. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Loop Capital lowered their target price 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.

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.