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

Caleres, Inc. (NYSE:CAL) insider Diane M. Sullivan sold 12,126 shares of the 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 completion of the transaction, the insider now directly owns 286,023 shares in the company, valued at approximately $10,293,967.77. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Caleres Stock Performance

Shares of Caleres stock opened at $36.72 on Thursday. Caleres, Inc. has a 52-week low of $16.85 and a 52-week high of $41.94. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 7.63 and a beta of 1.99. The company has a fifty day moving average of $37.77 and a 200-day moving average of $32.35.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Tuesday, March 19th. The textile maker reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. The business had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. On average, equities research analysts forecast that Caleres, Inc. will post 4.37 earnings per share for the current fiscal year.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a yield of 0.76%. Caleres’s payout ratio is currently 5.82%.

Institutional Investors Weigh In On Caleres

Institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd purchased a new stake in Caleres during the 3rd quarter valued at $1,752,000. Pacer Advisors Inc. lifted its position in shares of Caleres by 87.1% in the 4th quarter. Pacer Advisors Inc. now owns 1,433,509 shares of the textile maker’s stock worth $44,052,000 after purchasing an additional 667,195 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Caleres by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,144 shares of the textile maker’s stock worth $14,442,000 after purchasing an additional 5,785 shares during the period. American Century Companies Inc. lifted its position in shares of Caleres by 55.6% in the 3rd quarter. American Century Companies Inc. now owns 382,557 shares of the textile maker’s stock worth $11,002,000 after purchasing an additional 136,705 shares during the period. Finally, Cornercap Investment Counsel Inc. purchased a new stake in shares of Caleres in the 4th quarter worth about $1,032,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CAL. KeyCorp began coverage on shares of Caleres in a report on Wednesday, February 7th. They issued a “sector weight” rating on the stock. Loop Capital upped 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 upped 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Caleres currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.