Caleres Inc (NYSE:CAL) insider Daniel R. Freidman sold 2,000 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $31.81, for a total value of $63,620.00. Following the transaction, the insider now directly owns 91,733 shares of the company’s stock, valued at $2,918,026.73. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Caleres stock traded up $0.20 during trading on Thursday, hitting $33.15. The stock had a trading volume of 69,047 shares, compared to its average volume of 324,990. Caleres Inc has a fifty-two week low of $22.39 and a fifty-two week high of $34.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 0.64. The stock has a market cap of $1,415.30, a P/E ratio of 15.24, a P/E/G ratio of 1.21 and a beta of 1.07.
Caleres (NYSE:CAL) last posted its earnings results on Tuesday, March 13th. The textile maker reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Caleres had a return on equity of 14.01% and a net margin of 3.13%. The business had revenue of $702.50 million during the quarter, compared to the consensus estimate of $695.61 million. During the same period in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. sell-side analysts forecast that Caleres Inc will post 2.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, March 16th. Caleres’s payout ratio is currently 13.79%.
Several research firms recently commented on CAL. UBS cut Caleres from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised Caleres from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Friday, February 2nd. ValuEngine downgraded Caleres from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $33.00 price target (up from $32.00) on shares of Caleres in a report on Tuesday, January 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $32.00 price target on shares of Caleres in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $33.83.
Several institutional investors have recently bought and sold shares of the company. LSV Asset Management lifted its holdings in shares of Caleres by 5.1% in the 4th quarter. LSV Asset Management now owns 35,200 shares of the textile maker’s stock valued at $1,178,000 after purchasing an additional 1,700 shares during the last quarter. American International Group Inc. raised its stake in Caleres by 5.7% during the 3rd quarter. American International Group Inc. now owns 33,441 shares of the textile maker’s stock valued at $1,021,000 after acquiring an additional 1,800 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Caleres by 3.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 54,590 shares of the textile maker’s stock valued at $1,828,000 after acquiring an additional 1,840 shares during the last quarter. Swiss National Bank raised its stake in Caleres by 4.1% during the 4th quarter. Swiss National Bank now owns 73,200 shares of the textile maker’s stock valued at $2,451,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Vident Investment Advisory LLC raised its stake in Caleres by 6.5% during the 4th quarter. Vident Investment Advisory LLC now owns 60,520 shares of the textile maker’s stock valued at $2,026,000 after acquiring an additional 3,696 shares during the last quarter. 89.68% of the stock is owned by institutional investors and hedge funds.
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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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