Nisa Investment Advisors LLC Sells 750 Shares of Caleres, Inc. (NYSE:CAL)

Nisa Investment Advisors LLC cut its stake in shares of Caleres, Inc. (NYSE:CAL) by 3.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 20,240 shares of the textile maker’s stock after selling 750 shares during the period. Nisa Investment Advisors LLC’s holdings in Caleres were worth $622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CAL. Bank of New York Mellon Corp increased its holdings in Caleres by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 445,331 shares of the textile maker’s stock worth $8,608,000 after buying an additional 3,167 shares in the last quarter. Citigroup Inc. increased its holdings in 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 buying an additional 2,172 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Caleres in the 1st quarter worth about $535,000. MetLife Investment Management LLC increased its holdings in Caleres by 53.3% in the 1st quarter. MetLife Investment Management LLC now owns 20,589 shares of the textile maker’s stock worth $398,000 after buying an additional 7,161 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings 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 buying an additional 2,776 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors.

Insider Transactions at Caleres

In other Caleres news, SVP Mark A. Schmitt sold 18,373 shares of Caleres stock in a transaction on Monday, March 25th. The shares were sold at an average price of $41.01, for a total value of $753,476.73. Following the sale, the senior vice president now directly owns 50,847 shares in the company, valued at approximately $2,085,235.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO John W. Schmidt sold 12,668 shares of Caleres stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $33.29, for a total value of $421,717.72. Following the sale, the chief executive officer now directly owns 360,995 shares of the company’s stock, valued at $12,017,523.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark A. Schmitt sold 18,373 shares of Caleres stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $41.01, for a total value of $753,476.73. Following the completion of the sale, the senior vice president now directly owns 50,847 shares in the company, valued at $2,085,235.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,373 shares of company stock valued at $2,710,796. 4.90% of the stock is currently owned by corporate insiders.

Caleres Stock Up 0.2 %

CAL stock opened at $35.12 on Wednesday. Caleres, Inc. has a twelve month low of $16.85 and a twelve month high of $41.94. The stock has a market cap of $1.23 billion, a P/E ratio of 7.30 and a beta of 1.99. The business’s 50-day moving average price is $37.64 and its 200-day moving average price is $31.98.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Tuesday, March 19th. The textile maker reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. Caleres had a return on equity of 29.77% and a net margin of 6.10%. The firm had revenue of $697.10 million for the quarter, compared to analysts’ expectations of $694.32 million. During the same period in the previous year, the firm earned $0.65 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts expect that Caleres, Inc. will post 4.43 earnings per share for the current fiscal year.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Wednesday, March 27th. Caleres’s payout ratio is currently 5.82%.

Wall Street Analyst Weigh In

CAL has been the topic of several research reports. Piper Sandler raised their target price on Caleres from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Loop Capital raised their target price on Caleres from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, KeyCorp initiated coverage on Caleres in a research report on Wednesday, February 7th. They issued a “sector weight” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Caleres 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.