Caleres (NYSE:CAL) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 2,347,271 shares, an increase of 49.7% from the April 13th total of 1,567,670 shares. Currently, 5.6% of the shares of the company are short sold. Based on an average daily volume of 323,020 shares, the days-to-cover ratio is presently 7.3 days.

In other Caleres news, CEO Diane M. Sullivan sold 17,399 shares of the firm’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $35.14, for a total transaction of $611,400.86. Following the transaction, the chief executive officer now owns 711,000 shares of the company’s stock, valued at approximately $24,984,540. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel R. Freidman sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $31.81, for a total transaction of $63,620.00. Following the transaction, the insider now directly owns 91,733 shares in the company, valued at approximately $2,918,026.73. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,089 shares of company stock worth $1,880,878. 5.60% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CAL. LSV Asset Management grew its stake in shares of Caleres by 5.1% in the 4th quarter. LSV Asset Management now owns 35,200 shares of the textile maker’s stock worth $1,178,000 after purchasing an additional 1,700 shares during the last quarter. Algert Global LLC grew its stake in shares of Caleres by 7.1% in the 4th quarter. Algert Global LLC now owns 92,170 shares of the textile maker’s stock worth $3,086,000 after purchasing an additional 6,073 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Caleres in the 4th quarter worth approximately $234,000. Victory Capital Management Inc. grew its stake in shares of Caleres by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,988,467 shares of the textile maker’s stock worth $66,574,000 after purchasing an additional 14,759 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Caleres in the 4th quarter worth approximately $489,000. 88.45% of the stock is currently owned by institutional investors.

Caleres stock opened at $36.05 on Thursday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.64 and a current ratio of 1.97. Caleres has a 52 week low of $35.13 and a 52 week high of $36.36.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Tuesday, March 13th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The company had revenue of $702.50 million for the quarter, compared to analysts’ expectations of $695.61 million. Caleres had a net margin of 3.13% and a return on equity of 14.01%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. research analysts forecast that Caleres will post 2.48 earnings per share for the current year.

Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna Bancshares reissued a “neutral” rating and set a $33.00 target price (up previously from $32.00) on shares of Caleres in a research note on Tuesday, January 23rd. UBS cut shares of Caleres from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 23rd. ValuEngine raised shares of Caleres from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Finally, Wedbush reissued an “outperform” rating and set a $35.00 target price on shares of Caleres in a research note on Wednesday, March 14th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $36.00.

About Caleres

Caleres, Inc, a footwear company, retails and wholesales footwear. The company operates through Famous Footwear and Brand Portfolio segments. It offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children. The company operates retail shoe stores primarily under the Famous Footwear and Naturalizer names, which offer brand-name athletic, casual, and dress shoes, including company-owned and licensed brands, such as LifeStride, Dr.

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