Truist Financial Corp Has $803,000 Stake in Caleres, Inc. (NYSE:CAL)

Truist Financial Corp decreased its stake in shares of Caleres, Inc. (NYSE:CAL – Get Rating) by 13.3% during the third quarter, HoldingsChannel.com reports. The fund owned 33,174 shares of the textile maker’s stock after selling 5,088 shares during the period. Truist Financial Corp’s holdings in Caleres were worth $803,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CAL. Lazard Asset Management LLC grew its holdings in Caleres by 956.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,299 shares of the textile maker’s stock valued at $34,000 after buying an additional 1,176 shares during the last quarter. USA Financial Portformulas Corp grew its holdings in Caleres by 40.1% in the 3rd quarter. USA Financial Portformulas Corp now owns 1,384 shares of the textile maker’s stock valued at $34,000 after buying an additional 396 shares during the last quarter. Assetmark Inc. acquired a new stake in Caleres in the 2nd quarter valued at approximately $42,000. Trust Co. of Vermont acquired a new stake in Caleres in the 2nd quarter valued at approximately $56,000. Finally, KBC Group NV acquired a new stake in Caleres in the 2nd quarter valued at approximately $85,000. Institutional investors and hedge funds own 87.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. CL King reduced their price objective on Caleres from $37.00 to $35.00 in a research report on Thursday, November 17th. StockNews.com downgraded Caleres from a “buy” rating to a “hold” rating in a research report on Wednesday, December 28th. Finally, Piper Sandler reduced their price objective on Caleres from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, January 12th.

Insider Buying and Selling

In related news, CEO Diane M. Sullivan sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $27.52, for a total transaction of $178,880.00. Following the completion of the transaction, the chief executive officer now owns 208,736 shares in the company, valued at approximately $5,744,414.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Diane M. Sullivan sold 4,900 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $27.33, for a total transaction of $133,917.00. Following the completion of the sale, the chief executive officer now directly owns 196,236 shares of the company’s stock, valued at approximately $5,363,129.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Diane M. Sullivan sold 6,500 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $27.52, for a total value of $178,880.00. Following the sale, the chief executive officer now directly owns 208,736 shares of the company’s stock, valued at $5,744,414.72. The disclosure for this sale can be found here. Insiders sold 25,520 shares of company stock worth $692,710 in the last 90 days. 4.90% of the stock is owned by company insiders.

Caleres Price Performance

Caleres stock opened at $23.07 on Friday. The company has a market capitalization of $821.66 million, a PE ratio of 4.95 and a beta of 1.67. Caleres, Inc. has a one year low of $17.82 and a one year high of $31.13. The business has a 50 day simple moving average of $23.05 and a 200 day simple moving average of $25.16.

Caleres (NYSE:CAL – Get Rating) last posted its earnings results on Tuesday, November 22nd. The textile maker reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. The business had revenue of $798.26 million during the quarter, compared to the consensus estimate of $784.94 million. Caleres had a return on equity of 48.52% and a net margin of 5.92%. Equities analysts anticipate that Caleres, Inc. will post 4.37 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Thursday, December 22nd were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, December 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.21%. Caleres’s dividend payout ratio (DPR) is presently 6.01%.

Caleres Profile

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Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children.