Caleres, Inc. (NYSE:CAL) Short Interest Down 20.5% in December

Caleres, Inc. (NYSE:CAL) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 5,544,055 shares, a decrease of 20.5% from the December 15th total of 6,973,498 shares. Approximately 17.0% of the company’s shares are sold short. Based on an average daily trading volume, of 826,097 shares, the short-interest ratio is currently 6.7 days. Based on an average daily trading volume, of 826,097 shares, the short-interest ratio is currently 6.7 days. Approximately 17.0% of the company’s shares are sold short.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Zacks Research upgraded Caleres from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Caleres in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $14.00.

Hedge Funds Weigh In On Caleres

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Caleres by 1.2% during the third quarter. Vanguard Group Inc. now owns 2,427,235 shares of the textile maker’s stock valued at $31,651,000 after acquiring an additional 28,190 shares in the last quarter. American Century Companies Inc. boosted its holdings in Caleres by 1.5% in the third quarter. American Century Companies Inc. now owns 1,289,460 shares of the textile maker’s stock valued at $16,815,000 after purchasing an additional 18,986 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Caleres by 120.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,072,550 shares of the textile maker’s stock valued at $13,986,000 after purchasing an additional 586,020 shares in the last quarter. Paradigm Capital Management Inc. NY grew its stake in Caleres by 18.8% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 877,000 shares of the textile maker’s stock valued at $10,717,000 after purchasing an additional 138,500 shares in the last quarter. Finally, Invenomic Capital Management LP increased its holdings in Caleres by 19.7% during the 3rd quarter. Invenomic Capital Management LP now owns 871,600 shares of the textile maker’s stock worth $11,366,000 after purchasing an additional 143,175 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Price Performance

NYSE:CAL opened at $13.73 on Friday. The business’s 50-day moving average is $12.49 and its two-hundred day moving average is $13.39. Caleres has a 12 month low of $9.54 and a 12 month high of $20.62. The firm has a market capitalization of $465.48 million, a PE ratio of 21.80 and a beta of 0.65.

Caleres (NYSE:CAL) last issued 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). The company had revenue of $790.05 million during the quarter, compared to analysts’ expectations of $768.59 million. Caleres had a return on equity of 8.62% and a net margin of 0.78%.Caleres’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were paid a $0.07 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. Caleres’s dividend payout ratio is 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.