Caleres, Inc. (NYSE:CAL) CEO Sells $953,243.16 in Stock

Caleres, Inc. (NYSE:CAL) CEO John W. Schmidt sold 25,332 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.63, for a total value of $953,243.16. Following the sale, the chief executive officer now owns 348,771 shares of the company’s stock, valued at $13,124,252.73. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Caleres Price Performance

CAL opened at $39.53 on Friday. Caleres, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $41.94. The company’s 50 day moving average price is $37.81 and its two-hundred day moving average price is $33.07. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 8.22 and a beta of 2.01.

Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, March 19th. The textile maker reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates 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 quarter in the previous year, the business earned $0.65 earnings per share. As a group, equities research analysts predict that Caleres, Inc. will post 4.4 EPS for the current year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 0.71%. Caleres’s payout ratio is 5.82%.

Wall Street Analysts Forecast Growth

CAL has been the topic of several research reports. Loop Capital lifted their price target on shares of Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Piper Sandler upped their price target on shares of Caleres from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Finally, KeyCorp initiated coverage on Caleres in a report on Wednesday, February 7th. They set a “sector weight” rating on the stock. Two equities research 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Hedge Funds Weigh In On Caleres

A number of hedge funds have recently made changes to their positions in CAL. SG Americas Securities LLC acquired a new stake in Caleres during the 1st quarter valued at approximately $117,000. Assetmark Inc. increased its position in shares of Caleres by 8.2% during the third quarter. Assetmark Inc. now owns 5,560 shares of the textile maker’s stock worth $160,000 after buying an additional 423 shares during the period. Mutual of America Capital Management LLC bought a new position in Caleres during the first quarter worth $236,000. Quantbot Technologies LP acquired a new position in Caleres in the third quarter valued at $168,000. Finally, Inspire Advisors LLC bought a new stake in Caleres during the first quarter valued at $259,000. 98.44% of the stock is currently owned by institutional investors.

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.