Caleres (NYSE:CAL) insider Richard M. Ausick sold 11,890 shares of the company’s stock in a transaction that occurred on Friday, April 6th. The shares were sold at an average price of $34.79, for a total value of $413,653.10. Following the completion of the sale, the insider now owns 69,834 shares in the company, valued at approximately $2,429,524.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Caleres stock traded down $0.10 during mid-day trading on Monday, hitting $34.68. The company had a trading volume of 352,492 shares, compared to its average volume of 338,109. The company has a current ratio of 1.97, a quick ratio of 0.64 and a debt-to-equity ratio of 0.27. Caleres has a 12-month low of $22.39 and a 12-month high of $36.00. The firm has a market cap of $1,494.81, a PE ratio of 16.06, a P/E/G ratio of 1.27 and a beta of 0.93.
Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, March 13th. The textile maker reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Caleres had a return on equity of 14.01% and a net margin of 3.13%. The business had revenue of $702.50 million for the quarter, compared to analyst estimates of $695.61 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. equities research analysts forecast that Caleres will post 2.48 EPS for the current year.
A number of equities research analysts recently commented on the company. ValuEngine upgraded Caleres from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Buckingham Research restated a “buy” rating and issued a $38.00 price objective (up previously from $37.00) on shares of Caleres in a research report on Wednesday, March 14th. UBS lowered Caleres from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Susquehanna Bancshares restated a “neutral” rating and issued a $33.00 price objective (up previously from $32.00) on shares of Caleres in a research report on Tuesday, January 23rd. Finally, Wedbush restated an “outperform” rating and issued a $35.00 price objective on shares of Caleres in a research report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $35.20.
Several hedge funds have recently made changes to their positions in CAL. Nationwide Fund Advisors raised its stake in shares of Caleres by 24.5% during the 3rd quarter. Nationwide Fund Advisors now owns 150,100 shares of the textile maker’s stock worth $4,581,000 after buying an additional 29,559 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Caleres by 20.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 411,589 shares of the textile maker’s stock worth $12,562,000 after buying an additional 71,031 shares during the period. American International Group Inc. raised its stake in shares of Caleres by 5.7% during the 3rd quarter. American International Group Inc. now owns 33,441 shares of the textile maker’s stock worth $1,021,000 after buying an additional 1,800 shares during the period. Schroder Investment Management Group raised its stake in shares of Caleres by 8.4% during the 3rd quarter. Schroder Investment Management Group now owns 254,625 shares of the textile maker’s stock worth $7,789,000 after buying an additional 19,738 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Caleres by 19.8% during the 3rd quarter. Wells Fargo & Company MN now owns 96,113 shares of the textile maker’s stock worth $2,934,000 after buying an additional 15,905 shares during the period. 89.68% of the stock is owned by institutional investors and hedge funds.
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Caleres, Inc, a footwear company, retails and wholesales footwear. The company operates through Famous Footwear and Brand Portfolio segments. It offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children. The company operates retail shoe stores primarily under the Famous Footwear and Naturalizer names, which offer brand-name athletic, casual, and dress shoes, including company-owned and licensed brands, such as LifeStride, Dr.
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