Insider Buying: Caleres, Inc. (NYSE:CAL) Director Buys 5,000 Shares of Stock

Caleres, Inc. (NYSE:CAL) Director Kyle Gendreau acquired 5,000 shares of Caleres stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $19.93 per share, with a total value of $99,650.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,650. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Caleres Price Performance

NYSE CAL opened at $20.15 on Friday. Caleres, Inc. has a fifty-two week low of $19.21 and a fifty-two week high of $44.51. The stock’s 50-day moving average is $25.35 and its two-hundred day moving average is $31.48. The firm has a market cap of $677.62 million, a P/E ratio of 4.49 and a beta of 1.96.

Caleres (NYSE:CAL) last posted its earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $740.90 million for the quarter, compared to the consensus estimate of $751.35 million. During the same quarter last year, the business earned $1.37 earnings per share. Caleres’s quarterly revenue was down 2.8% on a year-over-year basis. On average, equities analysts expect that Caleres, Inc. will post 3.24 EPS for the current year.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, December 27th. This represents a $0.28 annualized dividend and a yield of 1.39%. Caleres’s dividend payout ratio (DPR) is currently 6.24%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CAL shares. Loop Capital reduced their price objective on Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, December 6th. StockNews.com cut Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

Hedge Funds Weigh In On Caleres

Several institutional investors have recently bought and sold shares of CAL. JPMorgan Chase & Co. increased its stake in shares of Caleres by 42.2% in the third quarter. JPMorgan Chase & Co. now owns 418,722 shares of the textile maker’s stock worth $13,839,000 after purchasing an additional 124,266 shares during the period. Principal Financial Group Inc. increased its stake in shares of Caleres by 3.2% in the third quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock worth $60,648,000 after purchasing an additional 56,346 shares during the period. Franklin Resources Inc. increased its stake in shares of Caleres by 1.7% in the third quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker’s stock worth $908,000 after purchasing an additional 479 shares during the period. Geode Capital Management LLC increased its stake in shares of Caleres by 3.6% in the third quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker’s stock worth $26,183,000 after purchasing an additional 27,291 shares during the period. Finally, Barclays PLC increased its stake in shares of Caleres by 108.8% in the third quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock worth $1,843,000 after purchasing an additional 29,057 shares during the period. 98.44% of the stock is currently owned by 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.