Insider Selling: Caleres, Inc. (NYSE:CAL) Insider Sells 12,126 Shares of Stock

Caleres, Inc. (NYSE:CAL) insider Diane M. Sullivan sold 12,126 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $35.99, for a total transaction of $436,414.74. Following the sale, the insider now owns 286,023 shares of the company’s stock, valued at $10,293,967.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Caleres Price Performance

NYSE:CAL traded down $1.00 during midday trading on Wednesday, reaching $36.72. The stock had a trading volume of 356,417 shares, compared to its average volume of 402,841. Caleres, Inc. has a 1-year low of $16.85 and a 1-year high of $41.94. The firm’s fifty day simple moving average is $37.79 and its 200-day simple moving average is $32.32. The stock has a market capitalization of $1.29 billion, a P/E ratio of 7.68 and a beta of 1.99.

Caleres (NYSE:CAL) last posted its earnings results on Tuesday, March 19th. The textile maker reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. The business had revenue of $697.10 million for the quarter, compared to analyst estimates of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. Caleres’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $0.65 EPS. On average, equities research analysts anticipate that Caleres, Inc. will post 4.37 earnings per share for the current fiscal year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. Caleres’s dividend payout ratio (DPR) is currently 5.82%.

Hedge Funds Weigh In On Caleres

Several institutional investors have recently added to or reduced their stakes in CAL. SG Americas Securities LLC bought a new position in Caleres during the 3rd quarter valued at about $131,000. Assetmark Inc. lifted its holdings in Caleres by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,560 shares of the textile maker’s stock valued at $160,000 after purchasing an additional 423 shares during the last quarter. Quantbot Technologies LP bought a new position in Caleres during the 3rd quarter valued at about $168,000. Chevy Chase Trust Holdings LLC bought a new position in shares of Caleres in the third quarter worth about $211,000. Finally, Riverwater Partners LLC bought a new position in shares of Caleres in the fourth quarter worth about $211,000. 98.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CAL shares. Piper Sandler raised their target price on shares of Caleres from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. KeyCorp assumed coverage on shares of Caleres in a research note on Wednesday, February 7th. They issued a “sector weight” rating for the company. Finally, Loop Capital increased their target price on shares of Caleres from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.