Caleres (NYSE:CAL) Trading Up 15.4% - Time to Buy?

Shares of Caleres, Inc. (NYSE:CAL - Get Free Report) were up 15.4% during mid-day trading on Monday . The company traded as high as $18.27 and last traded at $17.39. Approximately 159,286 shares changed hands during trading, a decline of 82% from the average daily volume of 894,368 shares. The stock had previously closed at $15.07.

Analyst Ratings Changes

Separately, Loop Capital reduced their target price on shares of Caleres from $17.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, April 4th.

Caleres Stock Up 1.3%

The stock's 50-day moving average price is $16.08 and its 200-day moving average price is $20.87. The company has a market capitalization of $595.10 million, a price-to-earnings ratio of 3.95 and a beta of 1.11.

Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.06. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business had revenue of $639.20 million for the quarter, compared to analyst estimates of $645.79 million. During the same period in the prior year, the business posted $0.86 earnings per share. Caleres's revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.58%. The ex-dividend date was Thursday, March 27th. Caleres's payout ratio is presently 9.12%.

Insider Buying and Selling at Caleres

In other news, Director Lori Greeley bought 9,000 shares of the stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of $17.77 per share, with a total value of $159,930.00. Following the completion of the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $177,700. This trade represents a 900.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.10% of the company's stock.

Institutional Investors Weigh In On Caleres

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in Caleres by 244.0% in the first quarter. Versant Capital Management Inc now owns 1,455 shares of the textile maker's stock valued at $25,000 after purchasing an additional 1,032 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Caleres by 254.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock valued at $40,000 after acquiring an additional 1,244 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Caleres in the fourth quarter valued at $59,000. Lee Danner & Bass Inc. acquired a new stake in Caleres in the fourth quarter valued at $81,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Caleres in the fourth quarter valued at $86,000. Institutional investors own 98.44% of the company's stock.

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.