Y Intercept Hong Kong Ltd Invests $228,000 in Caleres, Inc. (NYSE:CAL)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Caleres, Inc. (NYSE:CAL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,894 shares of the textile maker’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. nVerses Capital LLC bought a new position in shares of Caleres during the second quarter valued at approximately $40,000. Creative Planning acquired a new stake in Caleres in the third quarter worth $204,000. AXA S.A. lifted its stake in Caleres by 28.5% in the second quarter. AXA S.A. now owns 6,939 shares of the textile maker’s stock valued at $233,000 after buying an additional 1,540 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Caleres by 31,308.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,224 shares of the textile maker’s stock worth $243,000 after acquiring an additional 7,201 shares during the last quarter. Finally, Bailard Inc. bought a new position in shares of Caleres during the second quarter worth about $255,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CAL has been the subject of a number of analyst reports. Loop Capital reduced their target price on shares of Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, December 6th. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd.

Caleres Stock Down 2.8 %

CAL stock opened at $23.21 on Thursday. The company has a market capitalization of $780.53 million, a P/E ratio of 5.17 and a beta of 1.92. The company has a 50-day simple moving average of $29.93 and a 200 day simple moving average of $33.53. Caleres, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $44.51.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $740.90 million during the quarter, compared to the consensus estimate of $751.35 million. During the same quarter last year, the business earned $1.37 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. Equities analysts anticipate that Caleres, Inc. will post 3.5 EPS for the current year.

Caleres Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.07 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.21%. Caleres’s dividend payout ratio (DPR) is 6.24%.

Caleres 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.