Caleres, Inc. (NYSE:CAL) Short Interest Update

Caleres, Inc. (NYSE:CAL) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 3,900,000 shares, a growth of 9.2% from the June 30th total of 3,570,000 shares. Based on an average daily volume of 569,300 shares, the short-interest ratio is presently 6.9 days. Approximately 11.6% of the shares of the company are sold short.

Insider Transactions at Caleres

In other news, insider Diane M. Sullivan sold 17,068 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.45, for a total transaction of $605,060.60. Following the completion of the sale, the insider now owns 150,449 shares in the company, valued at $5,333,417.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Carla C. Hendra sold 5,349 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $33.07, for a total transaction of $176,891.43. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Diane M. Sullivan sold 17,068 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $35.45, for a total transaction of $605,060.60. Following the transaction, the insider now owns 150,449 shares in the company, valued at $5,333,417.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,284 shares of company stock worth $3,195,964. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CAL. Vanguard Group Inc. increased 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 worth $129,660,000 after purchasing an additional 26,214 shares during the last quarter. Quantedge Capital Pte Ltd purchased a new position in shares of Caleres in the 4th quarter worth $3,697,000. Empowered Funds LLC boosted its holdings in Caleres by 8.2% in the first quarter. Empowered Funds LLC now owns 118,182 shares of the textile maker’s stock valued at $4,849,000 after acquiring an additional 8,925 shares during the last quarter. Swiss National Bank grew its position in 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 acquiring an additional 3,500 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Caleres by 792.6% in the 1st quarter. LSV Asset Management now owns 67,100 shares of the textile maker’s stock worth $2,753,000 after purchasing an additional 59,583 shares during the period. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Stock Performance

Caleres stock opened at $38.60 on Thursday. Caleres has a fifty-two week low of $23.79 and a fifty-two week high of $41.94. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 8.18 and a beta of 1.91. The stock has a fifty day moving average of $34.49 and a two-hundred day moving average of $35.64.

Caleres (NYSE:CAL) last released its quarterly earnings results on Thursday, May 30th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. The company had revenue of $659.20 million for the quarter, compared to analysts’ expectations of $664.80 million. Caleres had a net margin of 5.97% and a return on equity of 27.32%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. On average, analysts forecast that Caleres will post 4.4 EPS for the current fiscal year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors 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 annualized dividend and a yield of 0.73%. Caleres’s dividend payout ratio (DPR) is presently 5.93%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Caleres from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

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.