Landscape Capital Management L.L.C. Sells 112,954 Shares of Caleres, Inc. (NYSE:CAL)

Landscape Capital Management L.L.C. trimmed its position in Caleres, Inc. (NYSE:CAL - Free Report) by 89.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,633 shares of the textile maker's stock after selling 112,954 shares during the period. Landscape Capital Management L.L.C.'s holdings in Caleres were worth $316,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in shares of Caleres by 254.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock worth $40,000 after acquiring an additional 1,244 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Caleres in the fourth quarter worth about $59,000. Lee Danner & Bass Inc. bought a new position in shares of Caleres during the fourth quarter valued at approximately $81,000. KLP Kapitalforvaltning AS purchased a new position in shares of Caleres during the fourth quarter valued at approximately $149,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Caleres in the 3rd quarter worth approximately $228,000. Institutional investors own 98.44% of the company's stock.

Caleres Price Performance

Caleres stock traded down $0.29 during mid-day trading on Friday, reaching $15.95. The stock had a trading volume of 1,050,118 shares, compared to its average volume of 718,134. Caleres, Inc. has a one year low of $14.33 and a one year high of $44.51. The company has a 50-day moving average price of $16.66 and a two-hundred day moving average price of $23.32. The company has a market capitalization of $535.94 million, a price-to-earnings ratio of 3.55 and a beta of 1.42.

Caleres (NYSE:CAL - Get Free Report) last issued its earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share (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 firm had revenue of $639.20 million for the quarter, compared to the consensus estimate of $645.79 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business's revenue was down 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 27th were given a dividend of $0.07 per share. The ex-dividend date 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 presently 9.12%.

Analysts Set New Price Targets

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

Insider Buying and Selling

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

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.