Caleres, Inc. (NYSE:CAL) Short Interest Up 17.6% in February

Caleres, Inc. (NYSE:CAL) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 4,620,000 shares, a growth of 17.6% from the February 13th total of 3,930,000 shares. Based on an average daily volume of 814,700 shares, the short-interest ratio is currently 5.7 days. Currently, 14.3% of the shares of the company are sold short.

Insider Buying and Selling at Caleres

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of the business’s stock in a transaction dated 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 approximately $99,650. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CAL. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Caleres in the 4th quarter valued at about $1,616,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Caleres by 31.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,962 shares of the textile maker’s stock valued at $2,338,000 after purchasing an additional 24,316 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Caleres during the fourth quarter worth approximately $8,259,000. Vident Advisory LLC grew its position in Caleres by 32.6% in the fourth quarter. Vident Advisory LLC now owns 15,918 shares of the textile maker’s stock worth $369,000 after buying an additional 3,912 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Caleres in the fourth quarter worth approximately $406,000. Institutional investors own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

Caleres Stock Down 0.6 %

Caleres stock traded down $0.10 during trading hours on Thursday, hitting $16.30. 526,387 shares of the company traded hands, compared to its average volume of 628,485. Caleres has a 1-year low of $15.00 and a 1-year high of $44.51. The firm has a market cap of $547.98 million, a P/E ratio of 3.64 and a beta of 1.82. The firm’s 50-day simple moving average is $17.78 and its two-hundred day simple moving average is $25.78.

Caleres (NYSE:CAL) last announced its earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.27 by $0.06. The firm had revenue of $639.20 million for the quarter, compared to analysts’ expectations of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. On average, equities research analysts predict that Caleres will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be issued a $0.07 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.72%. Caleres’s dividend payout ratio (DPR) is 6.24%.

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.