Caleres Inc (NYSE:CAL) CEO Diane M. Sullivan sold 3,900 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $32.00, for a total transaction of $124,800.00. Following the completion of the sale, the chief executive officer now owns 591,523 shares in the company, valued at $18,928,736. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Caleres Inc (NYSE:CAL) traded down 5.90% during mid-day trading on Monday, reaching $26.30. 943,713 shares of the company’s stock traded hands. Caleres Inc has a 12 month low of $21.27 and a 12 month high of $36.61. The company has a 50 day moving average of $30.41 and a 200 day moving average of $29.14. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 13.64 and a beta of 0.61.
Caleres (NYSE:CAL) last released its earnings results on Thursday, March 16th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.05. Caleres had a net margin of 3.28% and a return on equity of 13.54%. The business earned $639.49 million during the quarter, compared to the consensus estimate of $630.22 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Analysts expect that Caleres Inc will post $2.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Tuesday, March 21st will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Friday, March 17th. Caleres’s dividend payout ratio is presently 14.43%.
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CAL has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “hold” rating on shares of Caleres in a research report on Tuesday, January 3rd. Zacks Investment Research downgraded shares of Caleres from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Susquehanna Bancshares Inc upgraded shares of Caleres from a “neutral” rating to a “positive” rating and increased their price target for the company from $25.00 to $40.00 in a research report on Wednesday, December 7th. Morgan Stanley upgraded shares of Caleres from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $33.00 to $37.00 in a research report on Friday, March 3rd. They noted that the move was a valuation call. Finally, CL King downgraded shares of Caleres from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Caleres has an average rating of “Hold” and an average target price of $31.17.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Caleres during the fourth quarter worth about $26,762,000. Teachers Advisors LLC boosted its stake in Caleres by 435.3% in the third quarter. Teachers Advisors LLC now owns 360,486 shares of the company’s stock valued at $9,117,000 after buying an additional 293,148 shares during the period. BlackRock Fund Advisors boosted its stake in Caleres by 8.1% in the third quarter. BlackRock Fund Advisors now owns 3,067,758 shares of the company’s stock valued at $77,584,000 after buying an additional 230,781 shares during the period. Penn Capital Management Co. Inc. boosted its stake in Caleres by 116.8% in the third quarter. Penn Capital Management Co. Inc. now owns 375,468 shares of the company’s stock valued at $9,496,000 after buying an additional 202,280 shares during the period. Finally, Bogle Investment Management L P DE purchased a new stake in Caleres during the fourth quarter valued at $6,368,000. Hedge funds and other institutional investors own 85.77% of the company’s stock.
Caleres Company Profile
Caleres, Inc, formerly Brown Shoe Company, Inc, is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
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