10,838 Shares in Caleres, Inc. (NYSE:CAL) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in shares of Caleres, Inc. (NYSE:CAL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,838 shares of the textile maker’s stock, valued at approximately $364,000.

A number of other large investors have also added to or reduced their stakes in the company. Capstone Investment Advisors LLC purchased a new stake in shares of Caleres during the first quarter worth about $1,641,000. LSV Asset Management raised its position in Caleres by 792.6% during the 1st quarter. LSV Asset Management now owns 67,100 shares of the textile maker’s stock valued at $2,753,000 after purchasing an additional 59,583 shares during the last quarter. Foundry Partners LLC purchased a new stake in Caleres in the 2nd quarter worth approximately $500,000. Caxton Associates LP bought a new stake in shares of Caleres in the 1st quarter worth approximately $1,153,000. Finally, Great Lakes Advisors LLC increased its stake in shares of Caleres by 69.6% during the second quarter. Great Lakes Advisors LLC now owns 193,841 shares of the textile maker’s stock valued at $6,513,000 after buying an additional 79,581 shares during the period. Institutional investors own 98.44% of the company’s stock.

Insider Transactions at Caleres

In other Caleres news, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction on Monday, July 15th. The stock was sold at an average price of $33.07, for a total transaction of $176,891.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Carla C. Hendra sold 5,349 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $33.07, for a total transaction of $176,891.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Diane M. Sullivan sold 17,068 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $35.45, for a total transaction of $605,060.60. Following the completion of the transaction, the insider now owns 150,449 shares in the company, valued at approximately $5,333,417.05. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Caleres from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Loop Capital cut their target price on shares of Caleres from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, September 13th.

Caleres Stock Up 0.1 %

NYSE CAL opened at $33.39 on Friday. The firm has a market capitalization of $1.17 billion, a PE ratio of 7.07 and a beta of 1.93. The stock’s 50 day moving average is $37.39 and its 200 day moving average is $36.51. Caleres, Inc. has a twelve month low of $24.71 and a twelve month high of $44.51.

Caleres (NYSE:CAL) last released its earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.37). Caleres had a return on equity of 24.63% and a net margin of 5.84%. The business had revenue of $683.30 million during the quarter, compared to analysts’ expectations of $723.80 million. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts anticipate that Caleres, Inc. will post 4.04 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.84%. Caleres’s payout ratio is 5.93%.

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.