Balyasny Asset Management L.P. Buys Shares of 140,357 Caleres, Inc. (NYSE:CAL)

Balyasny Asset Management L.P. bought a new stake in Caleres, Inc. (NYSE:CAL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 140,357 shares of the textile maker’s stock, valued at approximately $3,251,000.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Caleres by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,223,343 shares of the textile maker’s stock worth $74,653,000 after purchasing an additional 50,041 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Caleres by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker’s stock worth $47,475,000 after purchasing an additional 167,326 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Caleres by 3.2% during the third quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock worth $60,648,000 after purchasing an additional 56,346 shares during the period. American Century Companies Inc. lifted its holdings in shares of Caleres by 10.1% during the fourth quarter. American Century Companies Inc. now owns 1,148,219 shares of the textile maker’s stock worth $26,593,000 after purchasing an additional 105,392 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Caleres by 27.3% during the fourth quarter. Royce & Associates LP now owns 804,378 shares of the textile maker’s stock worth $18,629,000 after purchasing an additional 172,568 shares during the period. 98.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Loop Capital decreased their price target on Caleres from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, April 4th.

Caleres Price Performance

Shares of NYSE CAL opened at $15.04 on Monday. The stock has a fifty day moving average price of $16.04 and a 200 day moving average price of $20.98. Caleres, Inc. has a 1-year low of $14.25 and a 1-year high of $44.51. The company has a market cap of $505.52 million, a PE ratio of 3.35 and a beta of 1.11.

Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06. The firm had revenue of $639.20 million during the quarter, compared to analysts’ expectations of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. Caleres’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share. Analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 27th. Caleres’s payout ratio is 9.12%.

Insiders Place Their Bets

In other Caleres news, Director Lori Greeley acquired 9,000 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of $17.77 per share, for a total transaction of $159,930.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $177,700. The trade was a 900.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.10% of the stock is currently owned by company insiders.

About Caleres

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.