Graham Capital Management L.P. Boosts Stock Holdings in Caleres, Inc. (NYSE:CAL)

Graham Capital Management L.P. lifted its stake in shares of Caleres, Inc. (NYSE:CAL) by 120.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,610 shares of the textile maker’s stock after acquiring an additional 10,154 shares during the quarter. Graham Capital Management L.P. owned 0.06% of Caleres worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CAL. Invesco Ltd. increased its position in shares of Caleres by 48.6% during the fourth quarter. Invesco Ltd. now owns 770,518 shares of the textile maker’s stock worth $17,845,000 after acquiring an additional 252,140 shares during the period. Bridgeway Capital Management LLC increased its holdings in Caleres by 579.9% in 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 during the last quarter. Royce & Associates LP increased its holdings in Caleres by 27.3% in the fourth quarter. Royce & Associates LP now owns 804,378 shares of the textile maker’s stock valued at $18,629,000 after buying an additional 172,568 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Caleres by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker’s stock valued at $47,475,000 after buying an additional 167,326 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Caleres in the fourth quarter valued at $3,781,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Loop Capital dropped their target price on Caleres from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, April 4th.

Insiders Place Their Bets

In other news, Director Lori Greeley acquired 9,000 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $17.77 per share, with a total value of $159,930.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $177,700. This trade represents a 900.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.10% of the company’s stock.

Caleres Price Performance

NYSE:CAL opened at $17.80 on Friday. The firm has a market capitalization of $598.29 million, a PE ratio of 3.96 and a beta of 1.11. The business’s fifty day moving average price is $16.12 and its 200 day moving average price is $20.67. Caleres, Inc. has a 12 month low of $14.25 and a 12 month high of $44.51.

Caleres (NYSE:CAL) last posted its earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The firm had revenue of $639.20 million for the quarter, compared to analyst estimates of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. Caleres’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share. As a group, equities analysts anticipate that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, March 27th. Caleres’s payout ratio is 9.12%.

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.