Caxton Associates LP Makes New $1.15 Million Investment in Caleres, Inc. (NYSE:CAL)

Caxton Associates LP acquired a new position in Caleres, Inc. (NYSE:CAL) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,094 shares of the textile maker’s stock, valued at approximately $1,153,000.

Several other large investors also recently modified their holdings of CAL. Vanguard Group Inc. lifted its position in Caleres by 0.8% during the first quarter. Vanguard Group Inc. now owns 3,160,116 shares of the textile maker’s stock valued at $129,660,000 after purchasing an additional 26,214 shares in the last quarter. Quantedge Capital Pte Ltd bought a new position in shares of Caleres during the fourth quarter valued at approximately $3,697,000. Empowered Funds LLC grew its stake in shares of Caleres by 8.2% during the first quarter. Empowered Funds LLC now owns 118,182 shares of the textile maker’s stock valued at $4,849,000 after buying an additional 8,925 shares during the last quarter. Swiss National Bank grew its stake in shares of Caleres by 5.3% during the first quarter. Swiss National Bank now owns 70,100 shares of the textile maker’s stock valued at $2,876,000 after buying an additional 3,500 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Caleres by 792.6% during the first quarter. LSV Asset Management now owns 67,100 shares of the textile maker’s stock valued at $2,753,000 after buying an additional 59,583 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

Insider Buying and Selling at Caleres

In related news, insider Diane M. Sullivan sold 21,771 shares of Caleres stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $36.54, for a total value of $795,512.34. Following the completion of the transaction, the insider now owns 232,897 shares in the company, valued at approximately $8,510,056.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Diane M. Sullivan sold 21,771 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.54, for a total value of $795,512.34. Following the transaction, the insider now directly owns 232,897 shares in the company, valued at $8,510,056.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Schmidt sold 25,332 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $37.63, for a total value of $953,243.16. Following the completion of the sale, the chief executive officer now directly owns 348,771 shares in the company, valued at approximately $13,124,252.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,284 shares of company stock worth $3,195,964. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Caleres from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th.

Caleres Stock Performance

CAL traded up $0.83 during trading on Tuesday, hitting $37.89. 108,775 shares of the stock were exchanged, compared to its average volume of 479,396. The firm has a 50 day simple moving average of $34.41 and a 200 day simple moving average of $35.56. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 7.85 and a beta of 1.91. Caleres, Inc. has a 1 year low of $23.79 and a 1 year high of $41.94.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, May 30th. The textile maker reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $659.20 million during the quarter, compared to analysts’ expectations of $664.80 million. Caleres had a return on equity of 27.32% and a net margin of 5.97%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, equities analysts anticipate that Caleres, Inc. will post 4.4 earnings per share for the current fiscal year.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%. Caleres’s dividend payout ratio is currently 5.93%.

Caleres 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.