115,400 Shares in Caleres, Inc. (NYSE:CAL) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new position in Caleres, Inc. (NYSE:CAL) in the 4th quarter, Holdings Channel.com reports. The fund purchased 115,400 shares of the textile maker’s stock, valued at approximately $2,673,000.

Several other institutional investors have also added to or reduced their stakes in CAL. FMR LLC lifted its stake in shares of Caleres by 30.1% in the 3rd quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock valued at $30,735,000 after acquiring an additional 215,372 shares during the last quarter. Verition Fund Management LLC purchased a new position in Caleres in the 3rd quarter worth approximately $863,000. State Street Corp lifted its position in Caleres by 3.1% in the third quarter. State Street Corp now owns 1,519,912 shares of the textile maker’s stock valued at $50,233,000 after purchasing an additional 46,230 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Caleres during the third quarter valued at approximately $228,000. Finally, Barclays PLC grew its holdings in shares of Caleres by 108.8% in the third quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock worth $1,843,000 after purchasing an additional 29,057 shares during the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Caleres Price Performance

NYSE CAL opened at $16.02 on Tuesday. The business’s 50-day moving average is $16.95 and its 200 day moving average is $23.96. The stock has a market capitalization of $538.50 million, a PE ratio of 3.57 and a beta of 1.42. Caleres, Inc. has a 1 year low of $14.38 and a 1 year high of $44.51.

Caleres (NYSE:CAL) last posted its earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share (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 analysts’ expectations of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business’s revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 earnings per share. As a group, equities research analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a $0.07 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 1.75%. Caleres’s dividend payout ratio (DPR) is presently 9.12%.

Insider Transactions at Caleres

In other Caleres news, Director Lori Greeley bought 9,000 shares of Caleres stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of $17.77 per share, with a total value of $159,930.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $177,700. This represents a 900.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kyle Gendreau purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $99,650. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Loop Capital lowered their price target on shares of Caleres from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday.

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.