Caleres, Inc. (NYSE:CAL) Insider Diane M. Sullivan Sells 12,126 Shares

Caleres, Inc. (NYSE:CAL) insider Diane M. Sullivan sold 12,126 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $35.99, for a total value of $436,414.74. Following the sale, the insider now directly owns 286,023 shares in the company, valued at $10,293,967.77. The sale was disclosed in a filing with the SEC, which is available through this link.

Caleres Stock Performance

NYSE:CAL opened at $36.39 on Friday. The stock’s fifty day moving average is $37.74 and its 200 day moving average is $32.38. Caleres, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $41.94. The firm has a market capitalization of $1.28 billion, a PE ratio of 7.57 and a beta of 1.99.

Caleres (NYSE:CAL) last released its quarterly earnings results on Tuesday, March 19th. The textile maker reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. Caleres had a return on equity of 29.77% and a net margin of 6.10%. The company had revenue of $697.10 million for the quarter, compared to analyst estimates of $694.32 million. During the same quarter in the prior year, the firm posted $0.65 EPS. Caleres’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts forecast that Caleres, Inc. will post 4.37 EPS for the current year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 0.77%. Caleres’s payout ratio is 5.82%.

Institutional Trading of Caleres

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC increased its stake in Caleres by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 28,664 shares of the textile maker’s stock worth $881,000 after purchasing an additional 360 shares during the period. Assetmark Inc. increased its stake in Caleres by 8.2% in the third quarter. Assetmark Inc. now owns 5,560 shares of the textile maker’s stock worth $160,000 after purchasing an additional 423 shares during the period. New York State Teachers Retirement System increased its stake in Caleres by 0.9% in the first quarter. New York State Teachers Retirement System now owns 51,107 shares of the textile maker’s stock worth $2,097,000 after purchasing an additional 473 shares during the period. Swiss National Bank increased its stake in Caleres by 0.9% in the third quarter. Swiss National Bank now owns 75,800 shares of the textile maker’s stock worth $2,180,000 after purchasing an additional 700 shares during the period. Finally, TD Asset Management Inc increased its stake in Caleres by 2.3% in the third quarter. TD Asset Management Inc now owns 92,600 shares of the textile maker’s stock worth $2,663,000 after purchasing an additional 2,100 shares during the period. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.