Caleres, Inc. (NYSE:CAL) Short Interest Down 9.2% in January

Caleres, Inc. (NYSE:CAL) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 2,270,000 shares, a decline of 9.2% from the December 31st total of 2,500,000 shares. Approximately 7.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 679,300 shares, the days-to-cover ratio is presently 3.3 days.

Wall Street Analysts Forecast Growth

Separately, Loop Capital cut their target price on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

Caleres Stock Down 3.9 %

NYSE CAL opened at $18.32 on Monday. The firm has a market cap of $616.10 million, a PE ratio of 4.08 and a beta of 1.96. Caleres has a 52 week low of $18.30 and a 52 week high of $44.51. The company has a 50 day moving average price of $23.82 and a 200 day moving average price of $30.79.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share 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 company had revenue of $740.90 million for the quarter, compared to analysts’ expectations of $751.35 million. During the same period last year, the firm earned $1.37 earnings per share. Caleres’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Caleres will post 3.23 earnings per share for the current fiscal year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.07 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.53%. Caleres’s dividend payout ratio is currently 6.24%.

Insider Transactions at Caleres

In other Caleres 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, with a total value of $99,650.00. Following the acquisition, the director now owns 5,000 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Caleres

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its position in shares of Caleres by 49.3% in the second quarter. Sei Investments Co. now owns 35,001 shares of the textile maker’s stock valued at $1,176,000 after buying an additional 11,557 shares during the last quarter. Millennium Management LLC raised its holdings in Caleres by 58.8% in the 2nd quarter. Millennium Management LLC now owns 221,082 shares of the textile maker’s stock valued at $7,428,000 after acquiring an additional 81,836 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Caleres by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,743 shares of the textile maker’s stock worth $563,000 after purchasing an additional 761 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Caleres during the 2nd quarter worth approximately $1,448,000. Finally, Creative Planning purchased a new stake in shares of Caleres in the third quarter valued at approximately $204,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

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.