Yousif Capital Management LLC Has $510,000 Stock Position in Caleres, Inc. (NYSE:CAL)

Yousif Capital Management LLC reduced its stake in shares of Caleres, Inc. (NYSE:CAL) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,586 shares of the textile maker’s stock after selling 340 shares during the quarter. Yousif Capital Management LLC’s holdings in Caleres were worth $510,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CAL. Pacer Advisors Inc. grew its holdings in shares of Caleres by 87.1% during the 4th quarter. Pacer Advisors Inc. now owns 1,433,509 shares of the textile maker’s stock worth $44,052,000 after purchasing an additional 667,195 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Caleres by 55.6% during the 3rd quarter. American Century Companies Inc. now owns 382,557 shares of the textile maker’s stock worth $11,002,000 after purchasing an additional 136,705 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Caleres during the 3rd quarter worth $1,752,000. Cornercap Investment Counsel Inc. acquired a new stake in shares of Caleres during the 4th quarter worth $1,032,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in Caleres in the third quarter valued at about $625,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on CAL shares. Piper Sandler raised their price objective on Caleres from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. KeyCorp started coverage on Caleres in a research note on Wednesday, February 7th. They issued a “sector weight” rating on the stock. Finally, Loop Capital raised their price objective on Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Caleres presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Caleres Stock Up 1.1 %

NYSE:CAL opened at $36.97 on Monday. The stock’s 50-day simple moving average is $37.74 and its 200 day simple moving average is $32.83. Caleres, Inc. has a twelve month low of $16.85 and a twelve month high of $41.94. The firm has a market capitalization of $1.30 billion, a PE ratio of 7.69 and a beta of 2.01.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Tuesday, March 19th. The textile maker reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. Caleres had a return on equity of 29.77% and a net margin of 6.10%. The firm had revenue of $697.10 million for the quarter, compared to analyst estimates of $694.32 million. During the same period last year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts anticipate that Caleres, Inc. will post 4.4 EPS for the current fiscal year.

Caleres Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Wednesday, March 27th. Caleres’s payout ratio is 5.82%.

Insider Activity

In other news, insider Daniel R. Freidman sold 15,000 shares of Caleres stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $37.00, for a total transaction of $555,000.00. Following the sale, the insider now directly owns 64,167 shares of the company’s stock, valued at $2,374,179. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Diane M. Sullivan sold 6,856 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $37.09, for a total transaction of $254,289.04. Following the completion of the transaction, the insider now directly owns 254,668 shares in the company, valued at $9,445,636.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel R. Freidman sold 15,000 shares of Caleres stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $37.00, for a total value of $555,000.00. Following the completion of the sale, the insider now owns 64,167 shares of the company’s stock, valued at $2,374,179. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,355 shares of company stock valued at $3,401,500. 3.80% of the stock is currently owned by corporate 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.