Caleres, Inc. (NYSE:CAL) Short Interest Down 20.5% in December

Caleres, Inc. (NYSE:CAL) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 5,544,055 shares, a drop of 20.5% from the December 15th total of 6,973,498 shares. Based on an average daily volume of 826,097 shares, the days-to-cover ratio is presently 6.7 days. Approximately 17.0% of the shares of the stock are short sold. Approximately 17.0% of the shares of the stock are short sold. Based on an average daily volume of 826,097 shares, the days-to-cover ratio is presently 6.7 days.

Institutional Trading of Caleres

A number of hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Caleres by 120.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,072,550 shares of the textile maker’s stock worth $13,986,000 after purchasing an additional 586,020 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Caleres in the second quarter worth $3,908,000. Millennium Management LLC lifted its holdings in shares of Caleres by 73.5% during the 3rd quarter. Millennium Management LLC now owns 407,290 shares of the textile maker’s stock valued at $5,311,000 after acquiring an additional 172,479 shares in the last quarter. Bank of America Corp DE raised its position in Caleres by 53.7% in the third quarter. Bank of America Corp DE now owns 465,151 shares of the textile maker’s stock valued at $6,066,000 after purchasing an additional 162,583 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Caleres in the second quarter worth about $1,858,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Trading Down 0.4%

NYSE:CAL traded down $0.05 during trading hours on Monday, hitting $13.73. The company had a trading volume of 402,820 shares, compared to its average volume of 628,206. Caleres has a 1 year low of $9.54 and a 1 year high of $20.62. The company has a market cap of $465.48 million, a P/E ratio of 21.80 and a beta of 0.65. The company has a 50-day moving average of $12.54 and a 200 day moving average of $13.39.

Caleres (NYSE:CAL) last announced its earnings results on Tuesday, December 9th. The textile maker reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The firm had revenue of $790.05 million for the quarter, compared to analysts’ expectations of $768.59 million. Caleres had a net margin of 0.78% and a return on equity of 8.62%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 earnings per share. Caleres has set its FY 2025 guidance at 0.550-0.60 EPS. On average, analysts forecast that Caleres will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, December 26th. Caleres’s payout ratio is 44.44%.

Wall Street Analyst Weigh In

CAL has been the subject of a number of research analyst reports. Zacks Research raised Caleres from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Caleres in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $14.00.

Caleres Company Profile

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.