Cornercap Investment Counsel Inc. Makes New $1.03 Million Investment in Caleres, Inc. (NYSE:CAL)

Cornercap Investment Counsel Inc. acquired a new stake in Caleres, Inc. (NYSE:CAL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 33,587 shares of the textile maker's stock, valued at approximately $1,032,000. Cornercap Investment Counsel Inc. owned approximately 0.09% of Caleres at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CAL. State of Wyoming bought a new position in shares of Caleres during the 2nd quarter valued at $29,000. Acadian Asset Management LLC purchased a new stake in Caleres in the 1st quarter worth $32,000. Captrust Financial Advisors increased its stake in Caleres by 30.4% in the 1st quarter. Captrust Financial Advisors now owns 5,467 shares of the textile maker's stock worth $106,000 after buying an additional 1,275 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Caleres in the 3rd quarter worth $131,000. Finally, Point72 Middle East FZE purchased a new stake in Caleres in the 4th quarter worth $143,000. 98.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CAL. Piper Sandler raised their price objective on Caleres from $30.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, March 20th. Loop Capital raised their price objective on Caleres from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Finally, KeyCorp began coverage on Caleres in a research report on Wednesday, February 7th. They set a "sector weight" rating for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Caleres currently has a consensus rating of "Moderate Buy" and an average price target of $40.00.

Insiders Place Their Bets

In other news, 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 transaction of $555,000.00. Following the sale, the insider now directly owns 64,167 shares of the company's stock, valued at $2,374,179. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO John W. Schmidt sold 12,668 shares of the business's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $33.29, for a total transaction of $421,717.72. Following the completion of the transaction, the chief executive officer now directly owns 360,995 shares in the company, valued at $12,017,523.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $555,000.00. Following the transaction, the insider now owns 64,167 shares of the company's stock, valued at $2,374,179. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,373 shares of company stock valued at $2,710,796. 4.90% of the stock is currently owned by insiders.

Caleres Trading Up 0.2 %

Shares of Caleres stock traded up $0.07 on Tuesday, hitting $35.12. 320,353 shares of the company traded hands, compared to its average volume of 400,966. The stock's 50 day moving average price is $37.64 and its 200-day moving average price is $31.98. Caleres, Inc. has a 52 week low of $16.85 and a 52 week high of $41.94. The company has a market cap of $1.23 billion, a PE ratio of 7.30 and a beta of 1.99.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings data on Tuesday, March 19th. The textile maker reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.86. The company had revenue of $697.10 million for 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%. Caleres's revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. As a group, research analysts anticipate that Caleres, Inc. will post 4.43 EPS for the current fiscal year.

Caleres Announces Dividend

The company 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 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, March 27th. Caleres's dividend payout ratio is currently 5.82%.

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.