Y Intercept Hong Kong Ltd Buys New Stake in Caleres, Inc. $CAL

Y Intercept Hong Kong Ltd purchased a new position in shares of Caleres, Inc. (NYSE:CAL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 91,080 shares of the textile maker’s stock, valued at approximately $1,188,000.

Other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Caleres by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 12,363 shares of the textile maker’s stock worth $151,000 after purchasing an additional 693 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Caleres by 5.6% during the 2nd quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock valued at $231,000 after buying an additional 1,007 shares during the period. State of Alaska Department of Revenue lifted its position in Caleres by 9.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 20,325 shares of the textile maker’s stock worth $247,000 after acquiring an additional 1,691 shares in the last quarter. Osaic Holdings Inc. lifted its position in Caleres by 1,662.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,879 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Caleres by 5.8% in the 2nd quarter. Prudential Financial Inc. now owns 34,938 shares of the textile maker’s stock worth $427,000 after acquiring an additional 1,926 shares during the period. 98.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAL has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Caleres in a research note on Wednesday, January 21st. Zacks Research lowered shares of Caleres from a “hold” rating to a “strong sell” rating in a report on Wednesday. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Caleres presently has a consensus rating of “Sell” and an average price target of $14.00.

Caleres Price Performance

CAL opened at $12.21 on Friday. Caleres, Inc. has a 12-month low of $9.54 and a 12-month high of $19.25. The stock has a market capitalization of $413.78 million, a PE ratio of 19.37 and a beta of 0.65. The firm’s fifty day moving average price is $12.98 and its 200 day moving average price is $13.31.

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

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a $0.07 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.28 annualized dividend and a dividend yield of 2.3%. Caleres’s dividend payout ratio (DPR) is presently 44.44%.

Caleres 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.