Caleres Inc (NYSE:CAL) insider Daniel R. Freidman sold 2,000 shares of Caleres stock in a transaction on Monday, March 19th. The shares were sold at an average price of $31.81, for a total value of $63,620.00. Following the completion of the sale, the insider now owns 91,733 shares in the company, valued at approximately $2,918,026.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Caleres stock traded up $0.20 during midday trading on Thursday, hitting $33.15. The stock had a trading volume of 69,047 shares, compared to its average volume of 324,990. Caleres Inc has a twelve month low of $22.39 and a twelve month high of $34.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 0.64. The firm has a market capitalization of $1,415.30, a PE ratio of 15.24, a PEG ratio of 1.21 and a beta of 1.07.
Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, March 13th. The textile maker reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Caleres had a return on equity of 14.01% and a net margin of 3.13%. The business had revenue of $702.50 million during the quarter, compared to analysts’ expectations of $695.61 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. analysts expect that Caleres Inc will post 2.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be paid a $0.07 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.84%. Caleres’s payout ratio is presently 13.79%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mosaic Family Wealth LLC acquired a new stake in shares of Caleres in the fourth quarter valued at $140,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Caleres in the fourth quarter valued at $201,000. Amalgamated Bank acquired a new stake in shares of Caleres in the fourth quarter valued at $204,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Caleres in the fourth quarter valued at $234,000. Finally, Cubist Systematic Strategies LLC grew its stake in Caleres by 440.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock worth $316,000 after purchasing an additional 8,443 shares in the last quarter. 89.68% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. Buckingham Research restated a “buy” rating and issued a $38.00 target price (up previously from $37.00) on shares of Caleres in a research report on Wednesday, March 14th. Zacks Investment Research downgraded Caleres from a “hold” rating to a “sell” rating in a research report on Monday, March 12th. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Wedbush restated an “outperform” rating and issued a $32.00 target price on shares of Caleres in a research report on Wednesday, November 22nd. Finally, UBS downgraded Caleres from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $33.83.
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Caleres Company Profile
Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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