Caleres, Inc. (NYSE:CAL) Insider Diane M. Sullivan Sells 6,856 Shares

Caleres, Inc. (NYSE:CAL - Get Free Report) insider Diane M. Sullivan sold 6,856 shares of Caleres stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $37.09, for a total value of $254,289.04. Following the sale, the insider now owns 254,668 shares of the company's stock, valued at approximately $9,445,636.12. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Caleres Stock Performance

Shares of NYSE:CAL traded up $0.55 during trading on Friday, reaching $36.94. 223,555 shares of the stock were exchanged, compared to its average volume of 399,419. Caleres, Inc. has a 12-month low of $16.85 and a 12-month high of $41.94. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 7.68 and a beta of 1.99. The firm's 50-day moving average price is $37.71 and its 200 day moving average price is $32.45.

Caleres (NYSE:CAL - Get Free Report) last issued its earnings results on Tuesday, March 19th. The textile maker reported $0.86 earnings per share (EPS) for the quarter, hitting 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 analysts' expectations of $694.32 million. During the same quarter in the previous year, the business earned $0.65 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts forecast that Caleres, Inc. will post 4.37 EPS for the current year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued 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 dividend payout ratio is presently 5.82%.

Analysts Set New Price Targets

CAL has been the subject of several recent analyst reports. Loop Capital lifted their price target on Caleres from $40.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Piper Sandler lifted their price target on Caleres from $30.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, March 20th. Finally, KeyCorp initiated coverage on Caleres in a 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 given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.00.

Hedge Funds Weigh In On Caleres

A number of institutional investors and hedge funds have recently bought and sold shares of CAL. SG Americas Securities LLC purchased a new position in Caleres in the 3rd quarter worth approximately $131,000. Chevy Chase Trust Holdings LLC purchased a new position in Caleres in the 3rd quarter worth approximately $211,000. Bailard Inc. purchased a new position in Caleres in the 3rd quarter worth approximately $242,000. TD Asset Management Inc boosted its holdings in Caleres by 2.3% in the 3rd quarter. TD Asset Management Inc now owns 92,600 shares of the textile maker's stock worth $2,663,000 after acquiring an additional 2,100 shares during the period. Finally, Assetmark Inc. boosted its holdings in Caleres by 8.2% in the 3rd quarter. Assetmark Inc. now owns 5,560 shares of the textile maker's stock worth $160,000 after acquiring an additional 423 shares during the period. Hedge funds and other 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.