Caleres (NYSE:CAL) Reaches New 1-Year Low – Should You Sell?

Caleres, Inc. (NYSE:CAL)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $19.63 and last traded at $19.71, with a volume of 588178 shares trading hands. The stock had previously closed at $19.75.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Loop Capital cut 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. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

Caleres Stock Up 1.9 %

The business has a 50-day moving average price of $25.35 and a two-hundred day moving average price of $31.48. The company has a market capitalization of $677.62 million, a price-to-earnings ratio of 4.49 and a beta of 1.96.

Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.15). The business had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.37 EPS. On average, sell-side analysts anticipate that Caleres, Inc. will post 3.24 EPS for the current fiscal year.

Caleres Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.07 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.28 annualized dividend and a yield of 1.39%. Caleres’s payout ratio is 6.24%.

Insiders Place Their Bets

In related news, Director Kyle Gendreau bought 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 5,000 shares in the company, valued at approximately $99,650. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Caleres

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. grew its stake in shares of Caleres by 49.3% in the 2nd quarter. Sei Investments Co. now owns 35,001 shares of the textile maker’s stock worth $1,176,000 after acquiring an additional 11,557 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Caleres by 6.3% during the second quarter. Public Sector Pension Investment Board now owns 72,739 shares of the textile maker’s stock worth $2,444,000 after purchasing an additional 4,333 shares during the last quarter. Squarepoint Ops LLC grew its position in Caleres by 53.7% in the 2nd quarter. Squarepoint Ops LLC now owns 84,124 shares of the textile maker’s stock worth $2,827,000 after purchasing an additional 29,388 shares in the last quarter. AXA S.A. increased its stake in Caleres by 28.5% in the 2nd quarter. AXA S.A. now owns 6,939 shares of the textile maker’s stock valued at $233,000 after buying an additional 1,540 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in Caleres in the 2nd quarter valued at about $364,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

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.