Caleres, Inc. (NYSE:CAL) insider Richard M. Ausick sold 5,000 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $33.07, for a total transaction of $165,350.00. Following the transaction, the insider now owns 90,834 shares of the company’s stock, valued at approximately $3,003,880.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Caleres, Inc. (NYSE:CAL) opened at $33.40 on Friday. The company has a market cap of $1,415.73, a P/E ratio of 23.86, a P/E/G ratio of 1.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49. Caleres, Inc. has a 12 month low of $22.39 and a 12 month high of $34.34.
Caleres (NYSE:CAL) last announced its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.05). Caleres had a net margin of 2.21% and a return on equity of 13.59%. The business had revenue of $774.66 million for the quarter, compared to analyst estimates of $785.75 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. analysts anticipate that Caleres, Inc. will post 2.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Tuesday, December 26th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, December 22nd. Caleres’s dividend payout ratio (DPR) is 20.00%.
Several large investors have recently bought and sold shares of CAL. Schwab Charles Investment Management Inc. increased its holdings in shares of Caleres by 21.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 388,695 shares of the textile maker’s stock valued at $10,798,000 after purchasing an additional 69,085 shares in the last quarter. Arizona State Retirement System increased its holdings in Caleres by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 22,442 shares of the textile maker’s stock worth $623,000 after acquiring an additional 100 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Caleres in the 2nd quarter worth $647,000. Legal & General Group Plc increased its holdings in Caleres by 14.1% in the 2nd quarter. Legal & General Group Plc now owns 85,915 shares of the textile maker’s stock worth $2,386,000 after acquiring an additional 10,611 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Caleres by 37.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 17,110 shares of the textile maker’s stock worth $475,000 after acquiring an additional 4,653 shares in the last quarter. 86.53% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $32.00 price target on shares of Caleres in a research note on Wednesday, November 22nd. Wedbush reaffirmed an “outperform” rating and issued a $32.00 price target on shares of Caleres in a research note on Wednesday, November 22nd. Finally, Macquarie reaffirmed an “outperform” rating and issued a $37.00 price target on shares of Caleres in a research note on Sunday, October 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Caleres currently has an average rating of “Buy” and a consensus price target of $33.17.
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Caleres Company Profile
Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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