ExodusPoint Capital Management LP Takes Position in Caleres, Inc. (NYSE:CAL)

ExodusPoint Capital Management LP acquired a new stake in Caleres, Inc. (NYSE:CAL – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,207 shares of the textile maker’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC increased its stake in Caleres by 956.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,299 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 1,176 shares in the last quarter. USA Financial Portformulas Corp boosted its holdings in Caleres by 40.1% during the 3rd quarter. USA Financial Portformulas Corp now owns 1,384 shares of the textile maker’s stock worth $34,000 after acquiring an additional 396 shares during the last quarter. Assetmark Inc. purchased a new position in Caleres during the 2nd quarter worth $42,000. Captrust Financial Advisors boosted its holdings in Caleres by 30.4% during the 1st quarter. Captrust Financial Advisors now owns 5,467 shares of the textile maker’s stock worth $106,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Caleres by 16.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 6,377 shares of the textile maker’s stock worth $167,000 after acquiring an additional 888 shares during the last quarter. Institutional investors own 87.46% of the company’s stock.

Insider Buying and Selling at Caleres

In other news, insider Diane M. Sullivan sold 19,900 shares of the company’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $26.99, for a total transaction of $537,101.00. Following the sale, the insider now directly owns 125,291 shares in the company, valued at $3,381,604.09. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Diane M. Sullivan sold 1,900 shares of the company’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $26.08, for a total transaction of $49,552.00. Following the sale, the insider now directly owns 158,336 shares in the company, valued at $4,129,402.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Diane M. Sullivan sold 19,900 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $26.99, for a total value of $537,101.00. Following the sale, the insider now owns 125,291 shares in the company, valued at $3,381,604.09. The disclosure for this sale can be found here. Insiders have sold a total of 24,580 shares of company stock valued at $659,476 over the last three months. 4.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. CL King cut their price target on shares of Caleres from $37.00 to $35.00 in a report on Thursday, November 17th. StockNews.com raised shares of Caleres from a “hold” rating to a “buy” rating in a report on Friday, February 3rd. Finally, Piper Sandler raised shares of Caleres from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $26.00 to $35.00 in a report on Tuesday, February 21st.

Caleres Stock Up 2.8 %

NYSE CAL opened at $26.44 on Friday. The company has a market cap of $941.79 million, a PE ratio of 5.67 and a beta of 1.75. Caleres, Inc. has a 52 week low of $17.82 and a 52 week high of $31.13. The firm’s 50-day simple moving average is $24.18 and its two-hundred day simple moving average is $24.93.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Thursday, December 22nd were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Wednesday, December 21st. Caleres’s dividend payout ratio (DPR) is presently 6.01%.

About Caleres

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Caleres, Inc engages in the retail and wholesale of footwear. It operates through the following segments: Famous Footwear, Brand Portfolio, and Other. The Famous Footwear segment provides brand-name athletic, casual, and dress shoes for the entire family. The Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing, developing, sourcing, manufacturing, and marketing branded footwear for women and men.