791,713 Shares in Caleres, Inc. (NYSE:CAL) Bought by Nokomis Capital L.L.C.

Nokomis Capital L.L.C. acquired a new stake in Caleres, Inc. (NYSE:CAL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 791,713 shares of the textile maker's stock, valued at approximately $18,336,000. Caleres comprises approximately 6.5% of Nokomis Capital L.L.C.'s holdings, making the stock its 2nd largest holding. Nokomis Capital L.L.C. owned about 2.35% of Caleres as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CAL. Invesco Ltd. boosted its position in Caleres by 48.6% in the 4th quarter. Invesco Ltd. now owns 770,518 shares of the textile maker's stock valued at $17,845,000 after buying an additional 252,140 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in Caleres by 579.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 256,312 shares of the textile maker's stock valued at $5,936,000 after buying an additional 218,611 shares during the last quarter. Royce & Associates LP boosted its position in Caleres by 27.3% in the 4th quarter. Royce & Associates LP now owns 804,378 shares of the textile maker's stock valued at $18,629,000 after buying an additional 172,568 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Caleres by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker's stock valued at $47,475,000 after buying an additional 167,326 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Caleres by 1,022.6% in the 4th quarter. Janus Henderson Group PLC now owns 183,368 shares of the textile maker's stock valued at $4,247,000 after buying an additional 167,034 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Loop Capital cut their price target on Caleres from $17.00 to $16.00 and set a "hold" rating on the stock in a research note on Friday, April 4th.

Insider Buying and Selling

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

Caleres Price Performance

Shares of CAL stock traded up $0.27 during trading hours on Friday, reaching $17.80. The company had a trading volume of 651,301 shares, compared to its average volume of 760,637. The company has a 50 day moving average of $16.12 and a 200 day moving average of $20.67. The firm has a market cap of $598.29 million, a price-to-earnings ratio of 3.96 and a beta of 1.11. Caleres, Inc. has a 1-year low of $14.25 and a 1-year high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.06. The company had revenue of $639.20 million for the quarter, compared to the consensus estimate of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The firm's quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 EPS. As a group, sell-side analysts forecast that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 27th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, March 27th. Caleres's payout ratio is presently 9.12%.

Caleres 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.