Caleres (NYSE:CAL) Reaches New 12-Month Low – Time to Sell?

Caleres, Inc. (NYSE:CAL) shares hit a new 52-week low on Friday . The stock traded as low as $16.16 and last traded at $16.23, with a volume of 230649 shares changing hands. The stock had previously closed at $16.81.

Analysts Set New Price Targets

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

Caleres Stock Down 3.3 %

The stock has a market capitalization of $546.59 million, a P/E ratio of 3.62 and a beta of 1.92. The company has a 50-day moving average price of $20.16 and a two-hundred day moving average price of $28.82.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business had revenue of $740.90 million for the quarter, compared to analysts’ expectations of $751.35 million. During the same period in the previous year, the firm posted $1.37 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, sell-side analysts expect that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, December 27th. Caleres’s payout ratio is 6.24%.

Insider Buying and Selling at Caleres

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of Caleres stock in a transaction on Friday, January 17th. The shares were acquired at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,650. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its position in Caleres by 2.4% during the third quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the textile maker’s stock valued at $562,000 after acquiring an additional 400 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Caleres by 1.7% in the third quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker’s stock worth $908,000 after purchasing an additional 479 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Caleres by 3.2% in the third quarter. State of Alaska Department of Revenue now owns 20,047 shares of the textile maker’s stock worth $662,000 after purchasing an additional 628 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Caleres by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,448 shares of the textile maker’s stock worth $450,000 after purchasing an additional 643 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Caleres by 6.6% in the third quarter. Quest Partners LLC now owns 14,028 shares of the textile maker’s stock worth $464,000 after purchasing an additional 869 shares during the last quarter. 98.44% of the stock is currently owned by 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.