Caleres, Inc. (NYSE:CAL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in shares of Caleres, Inc. (NYSE:CAL) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,586 shares of the textile maker’s stock after selling 340 shares during the period. Yousif Capital Management LLC’s holdings in Caleres were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAL. Pacer Advisors Inc. increased its position in Caleres by 87.1% during the fourth 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 last quarter. American Century Companies Inc. increased its position in shares of Caleres by 55.6% in the third 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 in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Caleres in the third quarter worth $1,752,000. Cornercap Investment Counsel Inc. acquired a new stake in shares of Caleres in the fourth quarter worth $1,032,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Caleres in the third quarter worth $625,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Insider Activity

In other Caleres news, CEO John W. Schmidt sold 12,668 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $33.29, for a total transaction of $421,717.72. Following the transaction, the chief executive officer now directly owns 360,995 shares in the company, valued at approximately $12,017,523.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Caleres news, CEO John W. Schmidt sold 12,668 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $33.29, for a total transaction of $421,717.72. Following the transaction, the chief executive officer now directly owns 360,995 shares in the company, valued at approximately $12,017,523.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Diane M. Sullivan sold 6,856 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $37.09, for a total transaction of $254,289.04. Following the transaction, the insider now owns 254,668 shares in the company, valued at $9,445,636.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,355 shares of company stock worth $3,401,500. 3.80% of the stock is currently owned by company insiders.

Caleres Trading Up 1.1 %

Shares of CAL stock opened at $36.97 on Monday. The company has a market capitalization of $1.30 billion, a PE ratio of 7.69 and a beta of 2.01. The firm has a fifty day simple moving average of $37.74 and a 200-day simple moving average of $32.83. Caleres, Inc. has a twelve month low of $16.85 and a twelve month high of $41.94.

Caleres (NYSE:CAL) last announced its 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 the consensus estimate of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities research analysts predict that Caleres, Inc. will post 4.4 EPS for the current year.

Caleres Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Caleres 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.