Bryce Point Capital LLC Acquires New Position in Caleres, Inc. (NYSE:CAL)

Bryce Point Capital LLC bought a new position in shares of Caleres, Inc. (NYSE:CAL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 18,114 shares of the textile maker’s stock, valued at approximately $420,000. Bryce Point Capital LLC owned about 0.05% of Caleres as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CAL. Franklin Resources Inc. raised its position in shares of Caleres by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker’s stock valued at $908,000 after acquiring an additional 479 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Caleres by 254.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 1,244 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Caleres during the fourth quarter worth $59,000. Illinois Municipal Retirement Fund lifted its position in shares of Caleres by 15.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 22,463 shares of the textile maker’s stock worth $520,000 after buying an additional 3,027 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Caleres in the 4th quarter valued at about $81,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Insider Activity

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were bought at an average cost 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 of the company’s stock, valued at approximately $99,650. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lori Greeley acquired 9,000 shares of Caleres stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average cost of $17.77 per share, with a total value of $159,930.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, 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. Corporate insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Separately, Loop Capital dropped their price objective on shares of Caleres from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday.

Caleres Price Performance

NYSE:CAL opened at $16.00 on Friday. The firm has a market capitalization of $537.90 million, a P/E ratio of 3.56 and a beta of 1.82. The business has a 50 day simple moving average of $17.02 and a 200 day simple moving average of $24.21. Caleres, Inc. has a 12-month low of $14.38 and a 12-month high of $44.51.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $639.20 million during the quarter, compared to the consensus estimate of $645.79 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. Research analysts anticipate that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.75%. Caleres’s payout ratio is currently 9.12%.

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.