GAMMA Investing LLC Has $1.78 Million Stake in Caleres, Inc. (NYSE:CAL)

GAMMA Investing LLC increased its holdings in Caleres, Inc. (NYSE:CAL - Free Report) by 22,328.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,173 shares of the textile maker's stock after buying an additional 102,713 shares during the quarter. GAMMA Investing LLC owned about 0.31% of Caleres worth $1,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in Caleres by 244.0% in the 1st quarter. Versant Capital Management Inc now owns 1,455 shares of the textile maker's stock valued at $25,000 after purchasing an additional 1,032 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Caleres by 254.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock valued at $40,000 after acquiring an additional 1,244 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in Caleres in the 4th quarter valued at about $81,000. Canada Pension Plan Investment Board acquired a new position in shares of Caleres during the fourth quarter worth about $86,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Caleres during the fourth quarter worth about $149,000. Institutional investors and hedge funds own 98.44% of the company's stock.

Caleres Price Performance

Caleres stock traded down $0.27 during trading hours on Wednesday, hitting $13.13. The stock had a trading volume of 651,834 shares, compared to its average volume of 822,880. The stock has a market capitalization of $443.66 million, a price-to-earnings ratio of 5.47 and a beta of 1.08. Caleres, Inc. has a 1-year low of $12.25 and a 1-year high of $44.51. The stock's fifty day moving average is $15.17 and its two-hundred day moving average is $18.11.

Caleres (NYSE:CAL - Get Free Report) last released its earnings results on Thursday, May 29th. The textile maker reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.15). Caleres had a return on equity of 14.94% and a net margin of 3.11%. The business had revenue of $614.22 million for the quarter, compared to analysts' expectations of $622.93 million. During the same quarter last year, the company posted $0.88 earnings per share. The business's quarterly revenue was down 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 5th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, June 5th. Caleres's dividend payout ratio (DPR) is presently 11.67%.

Insider Buying and Selling

In related news, Director Lori Greeley acquired 9,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of $17.77 per share, for a total transaction of $159,930.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $177,700. This represents a 900.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 4.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Loop Capital decreased their target price on Caleres from $16.00 to $14.00 and set a "hold" rating for the company in a research note on Friday, May 30th.

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.