Nokomis Capital L.L.C. Acquires New Shares in Caleres, Inc. (NYSE:CAL)

Nokomis Capital L.L.C. purchased a new stake in Caleres, Inc. (NYSE:CAL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 791,713 shares of the textile maker's stock, valued at approximately $18,336,000. Caleres accounts for approximately 6.5% of Nokomis Capital L.L.C.'s investment portfolio, making the stock its 2nd biggest position. Nokomis Capital L.L.C. owned about 2.35% of Caleres at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Caleres by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,223,343 shares of the textile maker's stock valued at $74,653,000 after acquiring an additional 50,041 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Caleres by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker's stock worth $47,475,000 after acquiring an additional 167,326 shares during the period. American Century Companies Inc. lifted its holdings in shares of Caleres by 10.1% during the 4th quarter. American Century Companies Inc. now owns 1,148,219 shares of the textile maker's stock worth $26,593,000 after acquiring an additional 105,392 shares during the period. Royce & Associates LP lifted its holdings in shares of Caleres by 27.3% during the 4th quarter. Royce & Associates LP now owns 804,378 shares of the textile maker's stock worth $18,629,000 after acquiring an additional 172,568 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Caleres by 48.6% during the 4th quarter. Invesco Ltd. now owns 770,518 shares of the textile maker's stock worth $17,845,000 after buying an additional 252,140 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Loop Capital dropped their price objective on Caleres from $17.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, April 4th.

Insiders Place Their Bets

In related news, Director Lori Greeley bought 9,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of $17.77 per share, with a total value of $159,930.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $177,700. This represents a 900.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.10% of the stock is currently owned by corporate insiders.

Caleres Stock Down 3.1%

Caleres stock traded down $0.56 during trading hours on Monday, hitting $17.27. The stock had a trading volume of 136,823 shares, compared to its average volume of 898,339. The stock has a market cap of $580.31 million, a price-to-earnings ratio of 3.85 and a beta of 1.11. Caleres, Inc. has a one year low of $14.25 and a one year high of $44.51. The business's 50 day simple moving average is $16.12 and its 200-day simple moving average is $20.54.

Caleres (NYSE:CAL - Get Free Report) last posted its earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The firm had revenue of $639.20 million during 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 business's quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. Research analysts anticipate that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 27th were paid a $0.07 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. Caleres's payout ratio is 9.12%.

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.