Caleres, Inc. (NYSE:CAL) Sees Significant Increase in Short Interest

Caleres, Inc. (NYSE:CAL) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 4,620,000 shares, a growth of 17.6% from the February 13th total of 3,930,000 shares. Based on an average trading volume of 814,700 shares, the short-interest ratio is currently 5.7 days. Approximately 14.3% of the company’s stock are short sold.

Caleres Stock Performance

Shares of NYSE:CAL traded up $0.17 on Wednesday, hitting $16.40. The company’s stock had a trading volume of 1,172,524 shares, compared to its average volume of 758,457. The company has a market capitalization of $551.45 million, a price-to-earnings ratio of 3.65 and a beta of 1.82. Caleres has a 12 month low of $15.00 and a 12 month high of $44.51. The stock’s 50-day moving average is $17.88 and its two-hundred day moving average is $25.85.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 1.71%. Caleres’s payout ratio is 6.24%.

Analyst Upgrades and Downgrades

Separately, Loop Capital decreased their price target on Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, December 6th.

Insider Activity

In related news, Director Kyle Gendreau acquired 5,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $19.93 per share, with a total value of $99,650.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $99,650. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Institutional Trading of Caleres

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Caleres by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,223,343 shares of the textile maker’s stock worth $74,653,000 after purchasing an additional 50,041 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Caleres by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker’s stock valued at $47,475,000 after purchasing an additional 167,326 shares during the period. Principal Financial Group Inc. raised its stake in shares of Caleres by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock worth $60,648,000 after buying an additional 56,346 shares in the last quarter. State Street Corp lifted its holdings in shares of 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 buying an additional 46,230 shares during the period. Finally, Pacer Advisors Inc. bought a new position in Caleres during the third quarter valued at about $49,783,000. 98.44% of the stock is owned by institutional investors and hedge funds.

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.