Short Interest in Caleres, Inc. (NYSE:CAL) Expands By 14.4%

Caleres, Inc. (NYSE:CAL) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 4,460,000 shares, an increase of 14.4% from the July 15th total of 3,900,000 shares. Based on an average trading volume of 596,200 shares, the days-to-cover ratio is currently 7.5 days. Currently, 13.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Caleres from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st.

Insider Buying and Selling

In related news, insider Diane M. Sullivan sold 19,764 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $33.66, for a total transaction of $665,256.24. Following the transaction, the insider now directly owns 173,816 shares of the company’s stock, valued at $5,850,646.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Diane M. Sullivan sold 19,764 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $33.66, for a total transaction of $665,256.24. Following the transaction, the insider now directly owns 173,816 shares of the company’s stock, valued at $5,850,646.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Diane M. Sullivan sold 21,771 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $36.54, for a total transaction of $795,512.34. Following the completion of the transaction, the insider now directly owns 232,897 shares in the company, valued at $8,510,056.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,952 shares of company stock valued at $2,242,721. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CAL. nVerses Capital LLC bought a new position in shares of Caleres during the 2nd quarter worth about $40,000. SG Americas Securities LLC bought a new position in Caleres during the first quarter valued at about $117,000. Shell Asset Management Co. bought a new position in Caleres during the first quarter valued at about $156,000. Mutual of America Capital Management LLC acquired a new position in Caleres in the 1st quarter valued at approximately $236,000. Finally, Assetmark Inc. lifted its position in shares of Caleres by 7.9% in the 4th quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock worth $184,000 after acquiring an additional 440 shares during the period. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Caleres Trading Up 2.4 %

NYSE CAL traded up $1.00 during trading on Friday, hitting $41.85. 601,251 shares of the company traded hands, compared to its average volume of 483,450. Caleres has a 12 month low of $23.79 and a 12 month high of $42.53. The business has a fifty day simple moving average of $34.84 and a 200 day simple moving average of $36.22. The company has a market capitalization of $1.47 billion, a P/E ratio of 8.87 and a beta of 1.91.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, May 30th. The textile maker reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $659.20 million for the quarter, compared to the consensus estimate of $664.80 million. Caleres had a return on equity of 27.32% and a net margin of 5.97%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. Equities research analysts predict that Caleres will post 4.4 EPS for the current fiscal year.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. Caleres’s dividend payout ratio is presently 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.