Diane M. Sullivan Sells 12,126 Shares of Caleres, Inc. (NYSE:CAL) Stock

Caleres, Inc. (NYSE:CAL) insider Diane M. Sullivan sold 12,126 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was 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 $10,293,967.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Caleres Stock Performance

NYSE CAL traded down $1.00 during trading hours on Wednesday, reaching $36.72. The company’s stock had a trading volume of 356,417 shares, compared to its average volume of 402,841. The stock has a market cap of $1.29 billion, a PE ratio of 7.68 and a beta of 1.99. The company’s 50-day moving average is $37.79 and its two-hundred day moving average is $32.32. Caleres, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $41.94.

Caleres (NYSE:CAL) last released its earnings results on Tuesday, March 19th. The textile maker reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $697.10 million for the quarter, compared to analyst estimates of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Equities analysts expect that Caleres, Inc. will post 4.37 earnings per share for the current fiscal year.

Caleres Announces Dividend

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

Analyst Upgrades and Downgrades

CAL has been the topic of a number of recent analyst reports. KeyCorp began coverage on shares of Caleres in a research note on Wednesday, February 7th. They set a “sector weight” rating on the stock. Loop Capital increased their price objective on shares of Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, Piper Sandler increased their price objective on shares of Caleres from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Caleres by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 3,133,902 shares of the textile maker’s stock valued at $96,305,000 after purchasing an additional 17,567 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Caleres by 87.1% during the 4th 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 period. Invesco Ltd. lifted its holdings in shares of Caleres by 3.0% during the 3rd quarter. Invesco Ltd. now owns 697,336 shares of the textile maker’s stock worth $20,055,000 after acquiring an additional 20,061 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Caleres by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,144 shares of the textile maker’s stock worth $14,442,000 after acquiring an additional 5,785 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Caleres by 55.6% during the 3rd quarter. American Century Companies Inc. now owns 382,557 shares of the textile maker’s stock worth $11,002,000 after acquiring an additional 136,705 shares during the period. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Caleres Company Profile

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.