Caleres (NYSE:CAL) Hits New 1-Year Low – What’s Next?

Caleres, Inc. (NYSE:CALGet Free Report)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $19.86 and last traded at $19.98, with a volume of 86931 shares trading hands. The stock had previously closed at $20.54.

Analyst Upgrades and Downgrades

CAL has been the subject of several recent analyst reports. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital decreased their price target on Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a report on Friday, December 6th.

Check Out Our Latest Report on CAL

Caleres Stock Performance

The stock has a market capitalization of $675.96 million, a P/E ratio of 4.48 and a beta of 1.96. The business has a fifty day simple moving average of $26.47 and a 200-day simple moving average of $31.92.

Caleres (NYSE:CALGet Free Report) last issued its earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). The company had revenue of $740.90 million for the quarter, compared to the consensus estimate of $751.35 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. On average, sell-side analysts anticipate that Caleres, Inc. will post 3.5 earnings per share for the current year.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, December 27th. Caleres’s payout ratio is 6.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAL. nVerses Capital LLC increased its holdings in shares of Caleres by 125.0% during the third quarter. nVerses Capital LLC now owns 2,700 shares of the textile maker’s stock valued at $89,000 after acquiring an additional 1,500 shares in the last quarter. Creative Planning bought a new stake in Caleres during the 3rd quarter valued at $204,000. Y Intercept Hong Kong Ltd acquired a new position in Caleres during the third quarter worth $228,000. AXA S.A. lifted its stake in shares of Caleres by 28.5% in the second quarter. AXA S.A. now owns 6,939 shares of the textile maker’s stock valued at $233,000 after buying an additional 1,540 shares in the last quarter. Finally, Olympiad Research LP lifted its stake in shares of Caleres by 37.3% in the third quarter. Olympiad Research LP now owns 10,530 shares of the textile maker’s stock valued at $348,000 after buying an additional 2,859 shares in the last quarter. Institutional investors own 98.44% of the company’s stock.

About Caleres

(Get Free Report)

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.

Further Reading

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