Hussman Strategic Advisors Inc. Takes $973,000 Position in Caleres, Inc. (NYSE:CAL)

Hussman Strategic Advisors Inc. bought a new stake in shares of Caleres, Inc. (NYSE:CAL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 42,000 shares of the textile maker’s stock, valued at approximately $973,000. Hussman Strategic Advisors Inc. owned approximately 0.12% of Caleres at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Caleres in the fourth quarter worth about $59,000. Creative Planning bought a new position in Caleres in the third quarter worth about $204,000. Y Intercept Hong Kong Ltd bought a new position in Caleres in the third quarter worth about $228,000. Olympiad Research LP lifted its holdings in Caleres by 37.3% in the third quarter. Olympiad Research LP now owns 10,530 shares of the textile maker’s stock worth $348,000 after acquiring an additional 2,859 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in Caleres by 6.6% in the third quarter. Quest Partners LLC now owns 14,028 shares of the textile maker’s stock worth $464,000 after acquiring an additional 869 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 report on Friday, December 6th.

Caleres Stock Down 1.3 %

Shares of NYSE CAL opened at $16.80 on Friday. The firm’s 50-day moving average price is $20.33 and its two-hundred day moving average price is $28.99. Caleres, Inc. has a 52-week low of $16.26 and a 52-week high of $44.51. The stock has a market capitalization of $564.85 million, a P/E ratio of 3.74 and a beta of 1.92.

Caleres (NYSE:CAL) last issued its earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.37 EPS. As a group, equities research analysts expect that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued 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 1.67%. Caleres’s dividend payout ratio (DPR) is presently 6.24%.

Insider Activity

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $99,650. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.

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.