Insider Selling: Caleres, Inc. (NYSE:CAL) Director Sells $176,891.43 in Stock

Caleres, Inc. (NYSE:CAL) Director Carla C. Hendra sold 5,349 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $33.07, for a total value of $176,891.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Caleres Stock Down 1.4 %

Shares of Caleres stock opened at $34.01 on Friday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 7.21 and a beta of 1.91. The business has a fifty day simple moving average of $34.59 and a 200-day simple moving average of $35.19. Caleres, Inc. has a fifty-two week low of $23.79 and a fifty-two week high of $41.94.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, May 30th. The textile maker reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.02. Caleres had a return on equity of 27.32% and a net margin of 5.97%. The business had revenue of $659.20 million during the quarter, compared to analyst estimates of $664.80 million. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Analysts anticipate that Caleres, Inc. will post 4.4 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Wednesday, June 5th. Caleres’s dividend payout ratio is 5.93%.

Institutional Investors Weigh In On Caleres

Several hedge funds have recently modified their holdings of the stock. Carolina Wealth Advisors LLC lifted its holdings in shares of Caleres by 12.3% during the second quarter. Carolina Wealth Advisors LLC now owns 25,566 shares of the textile maker’s stock valued at $859,000 after purchasing an additional 2,808 shares during the last quarter. Caxton Associates LP acquired a new position in Caleres during the first quarter valued at $1,153,000. Price T Rowe Associates Inc. MD raised its position in Caleres by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,613 shares of the textile maker’s stock valued at $1,092,000 after buying an additional 1,285 shares during the period. Shell Asset Management Co. acquired a new position in Caleres during the first quarter valued at $156,000. Finally, Boulder Hill Capital Management LP acquired a new position in Caleres during the first quarter valued at $730,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

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.