Caleres, Inc. (NYSE:CAL) Insider Sells $555,000.00 in Stock

Caleres, Inc. (NYSE:CAL - Get Free Report) insider Daniel R. Freidman sold 15,000 shares of the business's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $37.00, for a total value of $555,000.00. Following the transaction, the insider now owns 64,167 shares of the company's stock, valued at approximately $2,374,179. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Caleres Stock Down 2.1 %

NYSE:CAL traded down $0.75 during mid-day trading on Wednesday, reaching $35.79. The company's stock had a trading volume of 463,931 shares, compared to its average volume of 404,847. Caleres, Inc. has a 1 year low of $16.85 and a 1 year high of $41.94. The stock has a fifty day moving average of $37.34 and a 200-day moving average of $31.75. The firm has a market capitalization of $1.26 billion, a PE ratio of 7.59 and a beta of 1.99.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings results on Tuesday, March 19th. The textile maker reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Caleres had a net margin of 6.10% and a return on equity of 29.77%. 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 previous year, the business posted $0.65 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. On average, analysts expect that Caleres, Inc. will post 4.43 earnings per share for the current year.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.28 annualized dividend and a yield of 0.78%. Caleres's dividend payout ratio (DPR) is presently 5.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CAL. Moneta Group Investment Advisors LLC boosted its position in Caleres by 108,172.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 32,231,553 shares of the textile maker's stock valued at $718,119,000 after purchasing an additional 32,201,784 shares in the last quarter. BlackRock Inc. raised its holdings in Caleres by 0.6% in the first quarter. BlackRock Inc. now owns 5,968,696 shares of the textile maker's stock worth $115,374,000 after purchasing an additional 36,096 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Caleres by 4.7% during the first quarter. Vanguard Group Inc. now owns 3,840,810 shares of the textile maker's stock valued at $74,243,000 after buying an additional 171,567 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Caleres by 4.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,850,468 shares of the textile maker's stock valued at $40,025,000 after buying an additional 85,324 shares in the last quarter. Finally, State Street Corp grew its position in shares of Caleres by 2.4% in the 1st quarter. State Street Corp now owns 1,568,077 shares of the textile maker's stock worth $34,027,000 after buying an additional 37,254 shares during the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. KeyCorp started coverage on Caleres in a research report on Wednesday, February 7th. They set a "sector weight" rating for the company. Loop Capital boosted their price objective on shares of Caleres from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Finally, Piper Sandler upped their target price on shares of Caleres from $30.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Caleres has an average rating of "Moderate Buy" and an average price target of $40.00.

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.

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