Caleres, Inc. (NYSE:CAL - Get Free Report) insider Diane M. Sullivan sold 12,126 shares of Caleres stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $35.99, for a total transaction of $436,414.74. Following the transaction, the insider now directly owns 286,023 shares in the company, valued at approximately $10,293,967.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Caleres Stock Performance
Shares of CAL opened at $36.72 on Thursday. The company's fifty day moving average is $37.77 and its 200 day moving average is $32.35. Caleres, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $41.94. The stock has a market capitalization of $1.29 billion, a PE ratio of 7.63 and a beta of 1.99.
Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings results on Tuesday, March 19th. The textile maker reported $0.86 earnings per share 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 for the quarter, compared to analysts' expectations of $694.32 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. Caleres's quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts forecast that Caleres, Inc. will post 4.37 earnings per share for the current year.
Caleres Announces Dividend
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The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.07 dividend. This represents a $0.28 annualized dividend 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 Investors Weigh In On Caleres
Several large investors have recently bought and sold shares of CAL. SummerHaven Investment Management LLC increased its position in Caleres by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 28,664 shares of the textile maker's stock valued at $881,000 after acquiring an additional 360 shares during the last quarter. Assetmark Inc. increased its position in Caleres by 8.2% during the third quarter. Assetmark Inc. now owns 5,560 shares of the textile maker's stock valued at $160,000 after acquiring an additional 423 shares during the last quarter. Swiss National Bank increased its position in Caleres by 0.9% during the third quarter. Swiss National Bank now owns 75,800 shares of the textile maker's stock valued at $2,180,000 after acquiring an additional 700 shares during the last quarter. TD Asset Management Inc increased its position in Caleres by 2.3% during the third quarter. TD Asset Management Inc now owns 92,600 shares of the textile maker's stock valued at $2,663,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Caleres by 2.4% during the third quarter. Janney Montgomery Scott LLC now owns 103,737 shares of the textile maker's stock valued at $2,983,000 after acquiring an additional 2,427 shares during the last quarter. Institutional investors own 98.44% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on CAL. Piper Sandler lifted their price objective on shares of Caleres from $30.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, March 20th. KeyCorp began coverage on shares of Caleres in a research report on Wednesday, February 7th. They set a "sector weight" rating on the stock. 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 research report on Wednesday, March 20th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.00.
View Our Latest Analysis on Caleres
Caleres Company Profile
(
Get Free Report)
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.
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