Caleres, Inc. (NYSE:CAL) Short Interest Down 13.9% in January

Caleres, Inc. (NYSE:CAL) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 4,596,052 shares, a decline of 13.9% from the January 15th total of 5,339,219 shares. Based on an average daily volume of 586,189 shares, the days-to-cover ratio is presently 7.8 days. Approximately 14.1% of the shares of the company are short sold. Approximately 14.1% of the shares of the company are short sold. Based on an average daily volume of 586,189 shares, the days-to-cover ratio is presently 7.8 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CAL. Zacks Research cut Caleres from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Caleres in a report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Sell” and an average price target of $14.00.

Hedge Funds Weigh In On Caleres

Several hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in shares of Caleres by 143.2% during the 1st quarter. AQR Capital Management LLC now owns 90,546 shares of the textile maker’s stock worth $1,560,000 after acquiring an additional 53,320 shares during the period. Empowered Funds LLC grew its stake in Caleres by 4.2% in the first quarter. Empowered Funds LLC now owns 162,814 shares of the textile maker’s stock worth $2,805,000 after purchasing an additional 6,502 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Caleres by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,137 shares of the textile maker’s stock worth $1,812,000 after purchasing an additional 4,175 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in Caleres during the second quarter valued at $276,000. Finally, AlphaQuest LLC lifted its position in Caleres by 75.6% during the second quarter. AlphaQuest LLC now owns 19,633 shares of the textile maker’s stock valued at $240,000 after buying an additional 8,455 shares during the period. 98.44% of the stock is owned by hedge funds and other institutional investors.

Caleres Trading Up 3.2%

Shares of CAL stock traded up $0.38 during trading hours on Tuesday, hitting $12.19. 562,978 shares of the company’s stock were exchanged, compared to its average volume of 591,610. Caleres has a 12-month low of $9.54 and a 12-month high of $18.27. The company has a market capitalization of $413.34 million, a PE ratio of 19.35 and a beta of 0.64. The business’s 50 day simple moving average is $12.98 and its 200-day simple moving average is $13.13.

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

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.28 dividend on an annualized basis and a yield of 2.3%. Caleres’s dividend payout ratio is presently 44.44%.

Caleres Company 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.