Caleres, Inc. (NYSE:CAL) Insider Diane M. Sullivan Sells 6,856 Shares

Caleres, Inc. (NYSE:CAL) insider Diane M. Sullivan sold 6,856 shares of Caleres stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $37.09, for a total value of $254,289.04. Following the completion of the sale, the insider now owns 254,668 shares in the company, valued at approximately $9,445,636.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Caleres Stock Up 1.5 %

Shares of NYSE CAL traded up $0.55 during mid-day trading on Friday, hitting $36.94. 223,338 shares of the company were exchanged, compared to its average volume of 399,417. The stock has a 50 day simple moving average of $37.74 and a 200-day simple moving average of $32.38. Caleres, Inc. has a 1-year low of $16.85 and a 1-year high of $41.94. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 7.63 and a beta of 1.99.

Caleres (NYSE:CAL) last issued 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 return on equity of 29.77% and a net margin of 6.10%. The firm had revenue of $697.10 million during the quarter, compared to the consensus estimate of $694.32 million. During the same period last year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Analysts anticipate that Caleres, Inc. will post 4.37 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The firm 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. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Wednesday, March 27th. Caleres’s dividend payout ratio (DPR) is currently 5.82%.

Institutional Investors Weigh In On Caleres

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Caleres in the third quarter valued at $131,000. Assetmark Inc. lifted its holdings in Caleres by 8.2% in 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 period. Quantbot Technologies LP acquired a new stake in Caleres in the third quarter valued at $168,000. BlackDiamond Wealth Management LLC purchased a new position in shares of Caleres in the fourth quarter valued at $218,000. Finally, Riverwater Partners LLC purchased a new position in shares of Caleres in the fourth quarter valued at $211,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CAL. Loop Capital boosted their price objective on Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Piper Sandler boosted their price objective on Caleres from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Finally, KeyCorp began coverage on Caleres in a report on Wednesday, February 7th. They issued a “sector weight” rating on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.00.

About Caleres

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.