Caleres, Inc. (NYSE:CAL) Insider Diane M. Sullivan Sells 21,771 Shares

Caleres, Inc. (NYSE:CAL) insider Diane M. Sullivan sold 21,771 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $36.54, for a total transaction of $795,512.34. Following the completion of the sale, the insider now directly owns 232,897 shares in the company, valued at $8,510,056.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Caleres Price Performance

Shares of NYSE CAL opened at $36.01 on Thursday. Caleres, Inc. has a one year low of $16.85 and a one year high of $41.94. The firm’s 50 day simple moving average is $37.67 and its two-hundred day simple moving average is $33.83. The stock has a market capitalization of $1.27 billion, a P/E ratio of 7.49 and a beta of 2.01.

Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, March 19th. The textile maker reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The business had revenue of $697.10 million for the quarter, compared to analysts’ expectations of $694.32 million. During the same period last year, the business earned $0.65 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities analysts expect that Caleres, Inc. will post 4.4 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Wednesday, March 27th. Caleres’s dividend payout ratio is 5.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CAL. SG Americas Securities LLC bought a new position in shares of Caleres in the first quarter worth approximately $117,000. Shell Asset Management Co. bought a new position in shares of Caleres in the first quarter worth approximately $156,000. Quantbot Technologies LP purchased a new stake in Caleres in the third quarter worth $168,000. 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. Finally, Riverwater Partners LLC purchased a new stake in Caleres in the fourth quarter worth $211,000. Institutional investors own 98.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.