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 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 directly owns 254,668 shares in the company, valued at approximately $9,445,636.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Caleres Trading Up 1.5 %

Shares of NYSE:CAL opened at $36.94 on Friday. The company has a 50-day moving average price of $37.71 and a 200-day moving average price of $32.45. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 7.68 and a beta of 1.99. Caleres, Inc. has a 12 month low of $16.85 and a 12 month high of $41.94.

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

Caleres Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Caleres

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Caleres in the 3rd quarter worth about $131,000. Assetmark Inc. boosted its position in Caleres by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,560 shares of the textile maker’s stock valued at $160,000 after acquiring an additional 423 shares in the last quarter. Quantbot Technologies LP bought a new stake in Caleres during the 3rd quarter valued at approximately $168,000. Chevy Chase Trust Holdings LLC purchased a new position in shares of Caleres during the 3rd quarter worth approximately $211,000. Finally, Riverwater Partners LLC bought a new position in shares of Caleres in the 4th quarter worth approximately $211,000. Institutional investors own 98.44% of the company’s stock.

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.