Caleres, Inc. (NYSE:CAL) SVP Sells $753,476.73 in Stock

Caleres, Inc. (NYSE:CAL - Get Free Report) SVP Mark A. Schmitt sold 18,373 shares of the company's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.01, for a total transaction of $753,476.73. Following the transaction, the senior vice president now directly owns 50,847 shares of the company's stock, valued at approximately $2,085,235.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Caleres Stock Down 2.5 %

Shares of Caleres stock traded down $0.97 on Thursday, hitting $37.09. 530,449 shares of the company's stock traded hands, compared to its average volume of 399,844. Caleres, Inc. has a 52-week low of $16.85 and a 52-week high of $41.94. The stock has a market cap of $1.32 billion, a P/E ratio of 7.71 and a beta of 1.99. The firm's 50-day moving average is $37.04 and its 200 day moving average is $31.46.

Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings data on Tuesday, March 19th. The textile maker reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. The company had revenue of $697.10 million during the quarter, compared to analyst estimates 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 period last year, the business earned $0.65 EPS. Equities research analysts forecast that Caleres, Inc. will post 4.43 EPS for the current year.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, March 27th. Caleres's dividend payout ratio is currently 5.82%.

Hedge Funds Weigh In On Caleres

Several large investors have recently added to or reduced their stakes in CAL. Bank of New York Mellon Corp lifted its holdings in Caleres by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 445,331 shares of the textile maker's stock worth $8,608,000 after acquiring an additional 3,167 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Caleres by 6.3% in the 1st quarter. Citigroup Inc. now owns 36,560 shares of the textile maker's stock worth $706,000 after acquiring an additional 2,172 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Caleres in the 1st quarter valued at about $535,000. MetLife Investment Management LLC boosted its stake in Caleres by 53.3% during the 1st quarter. MetLife Investment Management LLC now owns 20,589 shares of the textile maker's stock valued at $398,000 after purchasing an additional 7,161 shares during the period. Finally, Panagora Asset Management Inc. grew its position in Caleres by 6.9% in the 1st quarter. Panagora Asset Management Inc. now owns 42,925 shares of the textile maker's stock worth $830,000 after purchasing an additional 2,776 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Piper Sandler upped their price target on Caleres from $30.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 20th. Loop Capital increased their target price 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. Finally, KeyCorp began coverage on shares of Caleres in a research report on Wednesday, February 7th. They set a "sector weight" rating on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $40.00.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, Eastern 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.