Short Interest in Caleres, Inc. (NYSE:CAL) Rises By 6.4%

Caleres, Inc. (NYSE:CAL) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 4,810,000 shares, an increase of 6.4% from the April 15th total of 4,520,000 shares. Approximately 14.3% of the shares of the company are short sold. Based on an average daily trading volume, of 434,300 shares, the days-to-cover ratio is currently 11.1 days.

Insider Buying and Selling at Caleres

In other Caleres news, SVP Mark A. Schmitt sold 18,373 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.01, for a total transaction of $753,476.73. Following the transaction, the senior vice president now owns 50,847 shares in the company, valued at $2,085,235.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Daniel R. Freidman sold 15,000 shares of Caleres stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $37.00, for a total value of $555,000.00. Following the sale, the insider now directly owns 64,167 shares in the company, valued at approximately $2,374,179. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark A. Schmitt sold 18,373 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.01, for a total value of $753,476.73. Following the sale, the senior vice president now owns 50,847 shares of the company’s stock, valued at $2,085,235.47. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,019 shares of company stock valued at $3,933,025. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Caleres

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Caleres during the first quarter worth $117,000. Shell Asset Management Co. acquired a new stake in Caleres in the 1st quarter valued at about $156,000. Assetmark Inc. boosted its stake in shares of Caleres by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,560 shares of the textile maker’s stock valued at $160,000 after buying an additional 423 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of Caleres during the first quarter worth about $236,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Caleres during the third quarter worth approximately $168,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. KeyCorp initiated coverage on Caleres in a research report on Wednesday, February 7th. They set a “sector weight” rating for the company. Loop Capital upped their target price on shares of Caleres from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Piper Sandler raised their price target on shares of Caleres from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Caleres Trading Down 0.7 %

CAL stock traded down $0.26 during trading on Friday, reaching $36.58. 287,768 shares of the stock were exchanged, compared to its average volume of 375,819. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 7.60 and a beta of 2.01. The business has a 50 day moving average price of $37.77 and a 200-day moving average price of $33.57. Caleres has a 1 year low of $16.85 and a 1 year high of $41.94.

Caleres (NYSE:CAL) last released its quarterly earnings results on Tuesday, March 19th. The textile maker reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The firm had revenue of $697.10 million for the quarter, compared to analyst estimates of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. On average, research analysts anticipate that Caleres will post 4.4 EPS for the current year.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Wednesday, March 27th. Caleres’s dividend payout ratio (DPR) is 5.82%.

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.