GAMMA Investing LLC Grows Stake in Caleres, Inc. (NYSE:CAL)

GAMMA Investing LLC boosted its position in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 22,328.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,173 shares of the textile maker's stock after buying an additional 102,713 shares during the quarter. GAMMA Investing LLC owned approximately 0.31% of Caleres worth $1,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAL. Hussman Strategic Advisors Inc. bought a new stake in shares of Caleres during the fourth quarter worth approximately $973,000. South Dakota Investment Council bought a new stake in Caleres during the 4th quarter worth approximately $892,000. Illinois Municipal Retirement Fund increased its position in shares of Caleres by 15.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 22,463 shares of the textile maker's stock worth $520,000 after acquiring an additional 3,027 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Caleres by 254.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock worth $40,000 after purchasing an additional 1,244 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Caleres by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 556,642 shares of the textile maker's stock worth $12,892,000 after buying an additional 25,088 shares in the last quarter. Institutional investors own 98.44% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

Caleres Trading Up 5.8%

Shares of NYSE:CAL traded up $0.72 during trading on Monday, hitting $13.03. 187,799 shares of the company were exchanged, compared to its average volume of 817,602. The firm has a fifty day moving average price of $15.35 and a two-hundred day moving average price of $18.30. Caleres, Inc. has a fifty-two week low of $12.25 and a fifty-two week high of $44.51. The stock has a market cap of $440.21 million, a price-to-earnings ratio of 2.89 and a beta of 1.08.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The textile maker reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business had revenue of $614.22 million for the quarter, compared to the consensus estimate of $622.93 million. During the same quarter in the previous year, the business posted $0.88 EPS. The company's revenue for the quarter was down 6.8% on a year-over-year basis. As a group, research analysts predict that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Dividend Announcement

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 paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.28 dividend on an annualized basis and a yield of 2.15%. Caleres's dividend payout ratio (DPR) is currently 11.67%.

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.