Insider Selling: Caleres, Inc. (NYSE:CAL) CEO Sells 25,332 Shares of 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 shares were sold at an average price of $37.63, for a total transaction of $953,243.16. Following the completion of the transaction, the chief executive officer now owns 348,771 shares in the company, valued at $13,124,252.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Caleres Stock Up 2.5 %

Shares of NYSE:CAL traded up $0.94 during trading on Wednesday, reaching $39.04. 325,081 shares of the company traded hands, compared to its average volume of 394,853. Caleres, Inc. has a 52 week low of $16.85 and a 52 week high of $41.94. The firm has a market capitalization of $1.37 billion, a PE ratio of 7.92 and a beta of 2.01. The company’s 50 day moving average is $37.76 and its two-hundred day moving average is $32.98.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Tuesday, March 19th. The textile maker reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. The firm had revenue of $697.10 million for the quarter, compared to the consensus estimate of $694.32 million. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, research analysts anticipate that Caleres, Inc. will post 4.4 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 dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.72%. The ex-dividend date was Wednesday, March 27th. Caleres’s payout ratio is presently 5.82%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Caleres

Institutional investors have recently modified their holdings of the business. ProShare Advisors LLC acquired a new position in Caleres during the 1st quarter worth approximately $281,000. Inspire Advisors LLC bought a new stake in shares of Caleres during the first quarter worth about $259,000. Sei Investments Co. bought a new position in Caleres in the 1st quarter valued at approximately $962,000. Swiss National Bank grew its holdings in Caleres by 5.3% during the 1st quarter. Swiss National Bank now owns 70,100 shares of the textile maker’s stock worth $2,876,000 after acquiring an additional 3,500 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Caleres in the 1st quarter valued at approximately $117,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

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.