BlackDiamond Wealth Management LLC Acquires Shares of 6,838 Caleres, Inc. (NYSE:CAL)

BlackDiamond Wealth Management LLC bought a new position in shares of Caleres, Inc. (NYSE:CAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,838 shares of the textile maker’s stock, valued at approximately $218,000.

A number of other large investors have also recently modified their holdings of the company. Aigen Investment Management LP purchased a new stake in shares of Caleres in the 4th quarter worth $248,000. Assetmark Inc. lifted its stake in Caleres by 7.9% in the fourth quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock worth $184,000 after acquiring an additional 440 shares during the period. Jump Financial LLC grew its holdings in Caleres by 292.2% during the 4th quarter. Jump Financial LLC now owns 52,946 shares of the textile maker’s stock worth $1,627,000 after acquiring an additional 39,446 shares in the last quarter. BNP Paribas Financial Markets increased its position in Caleres by 70.7% during the 4th quarter. BNP Paribas Financial Markets now owns 56,996 shares of the textile maker’s stock valued at $1,751,000 after purchasing an additional 23,606 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in shares of Caleres by 49.8% in the 4th quarter. Teacher Retirement System of Texas now owns 17,293 shares of the textile maker’s stock worth $531,000 after purchasing an additional 5,751 shares during the period. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Insider Activity at Caleres

In other Caleres news, CEO John W. Schmidt sold 25,332 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $38.71, for a total transaction of $980,601.72. Following the completion of the transaction, the chief executive officer now directly owns 335,663 shares in the company, valued at $12,993,514.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Caleres news, insider Diane M. Sullivan sold 6,856 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $37.09, for a total transaction of $254,289.04. Following the transaction, the insider now owns 254,668 shares of the company’s stock, valued at $9,445,636.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Schmidt sold 25,332 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.71, for a total value of $980,601.72. Following the completion of the sale, the chief executive officer now directly owns 335,663 shares of the company’s stock, valued at $12,993,514.73. The disclosure for this sale can be found here. Insiders sold a total of 124,790 shares of company stock worth $4,728,538 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

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

Caleres Stock Up 3.2 %

Shares of Caleres stock traded up $1.16 on Friday, reaching $37.32. 77,866 shares of the stock were exchanged, compared to its average volume of 393,882. Caleres, Inc. has a twelve month low of $16.85 and a twelve month high of $41.94. The business has a 50 day moving average price of $37.63 and a two-hundred day moving average price of $33.85. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 7.78 and a beta of 2.01.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, March 19th. The textile maker reported $0.86 earnings per share (EPS) 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 business had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $694.32 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. Research analysts forecast 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. Stockholders of record on Thursday, March 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Wednesday, March 27th. Caleres’s dividend payout ratio (DPR) is presently 5.82%.

Caleres 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.