Caleres, Inc. (NYSE:CAL - Get Free Report) CEO John W. Schmidt sold 25,332 shares of the business's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $37.63, for a total transaction of $953,243.16. Following the completion of the transaction, the chief executive officer now owns 348,771 shares in the company, valued at $13,124,252.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Caleres Stock Up 2.5 %
Shares of CAL stock opened at $39.04 on Thursday. The firm has a market cap of $1.37 billion, a P/E ratio of 8.12 and a beta of 2.01. Caleres, Inc. has a 12-month low of $16.85 and a 12-month high of $41.94. The business has a 50-day moving average price of $37.79 and a two-hundred day moving average price of $33.02.
Caleres (NYSE:CAL - Get Free Report) 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. The firm had revenue of $697.10 million for the quarter, compared to the consensus estimate of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The business's revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. As a group, research analysts expect that Caleres, Inc. will post 4.4 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Wednesday, March 27th. Caleres's dividend payout ratio (DPR) is presently 5.82%.
Institutional Investors Weigh In On Caleres
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Caleres by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,133,902 shares of the textile maker's stock worth $96,305,000 after acquiring an additional 17,567 shares during the period. Pacer Advisors Inc. grew its stake in shares of Caleres by 87.1% in the fourth quarter. Pacer Advisors Inc. now owns 1,433,509 shares of the textile maker's stock worth $44,052,000 after acquiring an additional 667,195 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Caleres by 3.0% during the third quarter. Invesco Ltd. now owns 697,336 shares of the textile maker's stock valued at $20,055,000 after acquiring an additional 20,061 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Caleres by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 502,144 shares of the textile maker's stock worth $14,442,000 after buying an additional 5,785 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Caleres by 55.6% in the third quarter. American Century Companies Inc. now owns 382,557 shares of the textile maker's stock worth $11,002,000 after buying an additional 136,705 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on CAL. KeyCorp initiated coverage on Caleres in a report on Wednesday, February 7th. They set a "sector weight" rating for the company. Piper Sandler lifted their price target on Caleres from $30.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, March 20th. Finally, Loop Capital upped their target price on shares of Caleres from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.00.
View Our Latest Analysis on Caleres
About Caleres
(
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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