Caleres, Inc. (NYSE:CAL) CEO John W. Schmidt Sells 12,668 Shares of Stock

Caleres, Inc. (NYSE:CALGet Free Report) CEO John W. Schmidt sold 12,668 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $33.29, for a total transaction of $421,717.72. Following the completion of the transaction, the chief executive officer now directly owns 360,995 shares of the company’s stock, valued at approximately $12,017,523.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Caleres Stock Performance

Caleres stock opened at $36.85 on Tuesday. Caleres, Inc. has a 52-week low of $16.85 and a 52-week high of $37.07. The firm has a 50 day moving average price of $30.60 and a two-hundred day moving average price of $28.36. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 8.43 and a beta of 1.95.

Caleres (NYSE:CALGet Free Report) last released its quarterly earnings results on Tuesday, November 21st. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. Caleres had a net margin of 5.57% and a return on equity of 30.46%. The firm had revenue of $761.90 million during the quarter, compared to analyst estimates of $770.07 million. During the same quarter last year, the business earned $1.15 EPS. The company’s revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts predict that Caleres, Inc. will post 4.16 EPS for the current fiscal year.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 21st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, December 20th. Caleres’s dividend payout ratio (DPR) is 6.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Piper Sandler increased their target price on shares of Caleres from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 22nd. KeyCorp initiated coverage on shares of Caleres in a report on Wednesday, February 7th. They issued a “sector weight” rating for the company.

Get Our Latest Stock Analysis on Caleres

Institutional Trading of Caleres

Several large investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC grew its position in shares of Caleres by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 28,664 shares of the textile maker’s stock worth $881,000 after buying an additional 360 shares during the period. Assetmark Inc. boosted its holdings in Caleres by 8.2% during the 3rd quarter. Assetmark Inc. now owns 5,560 shares of the textile maker’s stock worth $160,000 after acquiring an additional 423 shares during the last quarter. US Bancorp DE boosted its holdings in Caleres by 4.6% during the 2nd quarter. US Bancorp DE now owns 11,155 shares of the textile maker’s stock worth $267,000 after acquiring an additional 494 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Caleres by 2.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,535 shares of the textile maker’s stock worth $510,000 after purchasing an additional 538 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Caleres by 5.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 12,318 shares of the textile maker’s stock worth $294,000 after purchasing an additional 644 shares during the period. Institutional investors and hedge funds own 88.44% of the company’s stock.

Caleres Company Profile

(Get Free Report)

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, Eastern 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.

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Insider Buying and Selling by Quarter for Caleres (NYSE:CAL)

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