Caleres, Inc. (NYSE:CAL) Insider Sells $254,289.04 in Stock

Caleres, Inc. (NYSE:CAL) insider Diane M. Sullivan sold 6,856 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $37.09, for a total value of $254,289.04. Following the transaction, the insider now owns 254,668 shares in the company, valued at $9,445,636.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Caleres Stock Performance

Shares of CAL opened at $36.94 on Friday. Caleres, Inc. has a 1 year low of $16.85 and a 1 year high of $41.94. The stock has a market capitalization of $1.30 billion, a PE ratio of 7.68 and a beta of 1.99. The stock has a 50-day simple moving average of $37.71 and a 200-day simple moving average of $32.45.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Tuesday, March 19th. The textile maker reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The company had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $694.32 million. During the same quarter in the previous year, the business posted $0.65 EPS. The firm’s revenue was up .1% on a year-over-year basis. Analysts predict that Caleres, Inc. will post 4.37 EPS for the current year.

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, March 27th. Caleres’s dividend payout ratio is presently 5.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Caleres during the third quarter worth approximately $131,000. Assetmark Inc. lifted its position in shares of Caleres by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,560 shares of the textile maker’s stock worth $160,000 after buying an additional 423 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Caleres in the 3rd quarter valued at $168,000. Chevy Chase Trust Holdings LLC acquired a new position in shares of Caleres in the 3rd quarter valued at $211,000. Finally, Riverwater Partners LLC purchased a new position in shares of Caleres in the 4th quarter valued at $211,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.