Choreo LLC Has $401,000 Position in Caleres, Inc. (NYSE:CAL)

Choreo LLC lessened its stake in shares of Caleres, Inc. (NYSE:CAL) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,487 shares of the textile maker’s stock after selling 1,230 shares during the period. Choreo LLC owned 0.05% of Caleres worth $401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAL. nVerses Capital LLC boosted its position in shares of Caleres by 125.0% during the 3rd quarter. nVerses Capital LLC now owns 2,700 shares of the textile maker’s stock worth $89,000 after acquiring an additional 1,500 shares in the last quarter. Creative Planning bought a new position in shares of Caleres in the 3rd quarter valued at $204,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Caleres during the 3rd quarter worth $228,000. Olympiad Research LP lifted its position in shares of Caleres by 37.3% during the 3rd quarter. Olympiad Research LP now owns 10,530 shares of the textile maker’s stock worth $348,000 after buying an additional 2,859 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in Caleres by 6.6% in the third quarter. Quest Partners LLC now owns 14,028 shares of the textile maker’s stock valued at $464,000 after buying an additional 869 shares in the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds.

Caleres Price Performance

CAL stock opened at $17.04 on Thursday. The firm has a 50 day simple moving average of $21.77 and a two-hundred day simple moving average of $29.87. The stock has a market cap of $573.06 million, a PE ratio of 3.80 and a beta of 1.92. Caleres, Inc. has a one year low of $16.26 and a one year high of $44.51.

Caleres (NYSE:CAL) last posted 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 business had revenue of $740.90 million during 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 for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. On average, research analysts expect that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.64%. Caleres’s dividend payout ratio is currently 6.24%.

Insider Transactions at Caleres

In other news, Director Kyle Gendreau acquired 5,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average price 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 in the company, valued at approximately $99,650. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Caleres 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.