Caleres (NYSE:CAL) Hits New 12-Month High at $42.23

Caleres, Inc. (NYSE:CAL) shares hit a new 52-week high during trading on Friday . The company traded as high as $42.23 and last traded at $42.13, with a volume of 162890 shares changing hands. The stock had previously closed at $40.85.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Caleres from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st.

Caleres Price Performance

The firm has a market cap of $1.47 billion, a P/E ratio of 8.65 and a beta of 1.91. The firm has a fifty day simple moving average of $34.66 and a 200-day simple moving average of $36.09.

Caleres (NYSE:CAL) last issued its earnings results on Thursday, May 30th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. Caleres had a return on equity of 27.32% and a net margin of 5.97%. The company had revenue of $659.20 million for the quarter, compared to analysts’ expectations of $664.80 million. During the same period last year, the business earned $0.97 EPS. Caleres’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that Caleres, Inc. will post 4.4 earnings per share for the current year.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. Caleres’s payout ratio is 5.93%.

Insider Activity at Caleres

In other Caleres news, insider Diane M. Sullivan sold 19,764 shares of Caleres stock in a transaction on Monday, June 17th. The shares were sold at an average price of $33.66, for a total transaction of $665,256.24. Following the transaction, the insider now directly owns 173,816 shares of the company’s stock, valued at approximately $5,850,646.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Diane M. Sullivan sold 19,764 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $33.66, for a total value of $665,256.24. Following the transaction, the insider now owns 173,816 shares in the company, valued at approximately $5,850,646.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Diane M. Sullivan sold 21,771 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $36.54, for a total value of $795,512.34. Following the completion of the transaction, the insider now owns 232,897 shares of the company’s stock, valued at approximately $8,510,056.38. The disclosure for this sale can be found here. In the last three months, insiders sold 63,952 shares of company stock valued at $2,242,721. 3.80% of the stock is owned by insiders.

Institutional Trading of Caleres

Large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new stake in shares of Caleres in the fourth quarter valued at approximately $513,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Caleres by 76.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,086 shares of the textile maker’s stock valued at $279,000 after acquiring an additional 3,925 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Caleres by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 28,664 shares of the textile maker’s stock worth $881,000 after acquiring an additional 360 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Caleres by 159.2% in the fourth quarter. LSV Asset Management now owns 7,517 shares of the textile maker’s stock worth $231,000 after acquiring an additional 4,617 shares during the period. Finally, Teacher Retirement System of Texas grew its position in shares of Caleres by 49.8% in the fourth quarter. Teacher Retirement System of Texas now owns 17,293 shares of the textile maker’s stock valued at $531,000 after purchasing an additional 5,751 shares in the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

About Caleres

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.