Caleres (NYSE:CAL) Sets New 52-Week Low – Time to Sell?

Caleres, Inc. (NYSE:CAL) reached a new 52-week low on Thursday . The stock traded as low as $15.07 and last traded at $15.13, with a volume of 169706 shares trading hands. The stock had previously closed at $15.44.

Analyst Upgrades and Downgrades

Separately, Loop Capital reduced their price objective 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 Trading Up 1.4 %

The firm has a 50-day moving average of $18.11 and a 200 day moving average of $26.45. The stock has a market capitalization of $520.71 million, a price-to-earnings ratio of 3.45 and a beta of 1.82.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.81%. Caleres’s dividend payout ratio (DPR) is presently 6.24%.

Insider Buying and Selling

In other Caleres news, Director Kyle Gendreau acquired 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $99,650. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Caleres

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in Caleres by 108.8% during the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock worth $1,843,000 after purchasing an additional 29,057 shares during the last quarter. FMR LLC increased its holdings in Caleres by 30.1% during the 3rd quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock worth $30,735,000 after purchasing an additional 215,372 shares during the last quarter. Empowered Funds LLC increased its holdings in Caleres by 314.6% during the 4th quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker’s stock worth $3,620,000 after purchasing an additional 118,611 shares during the last quarter. Royce & Associates LP increased its holdings in Caleres by 13.8% during the 3rd quarter. Royce & Associates LP now owns 631,810 shares of the textile maker’s stock worth $20,881,000 after purchasing an additional 76,837 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Caleres by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker’s stock worth $26,183,000 after purchasing an additional 27,291 shares during the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

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.