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

Caleres, Inc. (NYSE:CAL) was the recipient of a significant growth in short interest in 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. Approximately 14.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 814,700 shares, the short-interest ratio is presently 5.7 days.

Insider Buying and Selling

In related news, Director Kyle Gendreau bought 5,000 shares of Caleres stock in a transaction dated Friday, January 17th. The stock was acquired 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 directly owns 5,000 shares in the company, valued at approximately $99,650. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CAL. Pacer Advisors Inc. acquired a new stake in shares of Caleres during the 3rd quarter valued at about $49,783,000. Nokomis Capital L.L.C. bought a new position in shares of Caleres during the 4th quarter valued at $18,336,000. Voloridge Investment Management LLC acquired a new stake in shares of Caleres in the 4th quarter valued at $8,259,000. Invesco Ltd. boosted its holdings in Caleres by 48.6% in the fourth quarter. Invesco Ltd. now owns 770,518 shares of the textile maker’s stock worth $17,845,000 after purchasing an additional 252,140 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in Caleres by 579.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 256,312 shares of the textile maker’s stock valued at $5,936,000 after buying an additional 218,611 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Wall Street Analyst Weigh In

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

Caleres Stock Performance

Shares of CAL stock traded up $0.17 during trading on Wednesday, hitting $16.40. 1,172,524 shares of the company were exchanged, compared to its average volume of 758,457. The business’s 50-day simple moving average is $17.88 and its 200 day simple moving average is $25.85. Caleres has a twelve month low of $15.00 and a twelve month high of $44.51. The firm has a market capitalization of $551.45 million, a price-to-earnings ratio of 3.65 and a beta of 1.82.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Thursday, March 27th. Caleres’s dividend payout ratio (DPR) is presently 6.24%.

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.