Dark Forest Capital Management LP Purchases Shares of 10,838 Caleres, Inc. (NYSE:CAL)

Dark Forest Capital Management LP acquired a new position in Caleres, Inc. (NYSE:CAL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,838 shares of the textile maker’s stock, valued at approximately $364,000.

A number of other large investors also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in shares of Caleres by 25.6% in the 2nd quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker’s stock worth $30,302,000 after acquiring an additional 183,594 shares in the last quarter. Quantedge Capital Pte Ltd bought a new stake in Caleres in the 4th quarter worth about $3,697,000. Great Lakes Advisors LLC increased its stake in Caleres by 69.6% in the 2nd quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock valued at $6,513,000 after buying an additional 79,581 shares during the last quarter. Leuthold Group LLC bought a new position in shares of Caleres during the 2nd quarter worth approximately $2,391,000. Finally, LSV Asset Management boosted its stake 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 buying an additional 59,583 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

Analyst Ratings Changes

CAL has been the subject of several research analyst reports. StockNews.com raised Caleres from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Loop Capital dropped their price objective on Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, September 13th.

Insider Transactions at Caleres

In other news, 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 value of $605,060.60. Following the completion of the transaction, the insider now directly owns 150,449 shares in the company, valued at approximately $5,333,417.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Caleres news, insider Diane M. Sullivan sold 17,068 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $35.45, for a total value of $605,060.60. Following the completion of the sale, the insider now owns 150,449 shares of the company’s stock, valued at $5,333,417.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $33.07, for a total transaction of $176,891.43. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Caleres Price Performance

NYSE:CAL opened at $33.39 on Friday. Caleres, Inc. has a 1 year low of $24.71 and a 1 year high of $44.51. The stock’s fifty day moving average price is $37.39 and its two-hundred day moving average price is $36.51. The company has a market cap of $1.17 billion, a P/E ratio of 7.07 and a beta of 1.93.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, September 12th. The textile maker reported $0.85 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.37). Caleres had a net margin of 5.84% and a return on equity of 24.63%. The firm had revenue of $683.30 million for the quarter, compared to analysts’ expectations of $723.80 million. During the same period in the prior year, the firm posted $0.98 EPS. Caleres’s revenue was down 1.8% on a year-over-year basis. On average, analysts expect that Caleres, Inc. will post 4.04 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, September 13th. Caleres’s dividend payout ratio (DPR) is currently 5.93%.

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.