Lori Greeley Purchases 9,000 Shares of Caleres, Inc. (NYSE:CAL) Stock

Caleres, Inc. (NYSE:CAL) Director Lori Greeley bought 9,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of $17.77 per share, with a total value of $159,930.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $177,700. The trade was a 900.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Caleres Trading Up 2.7 %

CAL stock opened at $17.70 on Wednesday. The firm has a market cap of $595.17 million, a P/E ratio of 3.94 and a beta of 1.82. The stock’s 50 day simple moving average is $17.23 and its 200 day simple moving average is $24.43. Caleres, Inc. has a 12-month low of $15.00 and a 12-month high of $44.51.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The business had revenue of $639.20 million during the quarter, compared to analyst estimates of $645.79 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. On average, research analysts forecast that Caleres, Inc. will post 3.23 EPS for the current fiscal year.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.58%. Caleres’s payout ratio is currently 9.12%.

Institutional Investors Weigh In On Caleres

A number of hedge funds have recently added to or reduced their stakes in CAL. Smartleaf Asset Management LLC increased its holdings in shares of Caleres by 254.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker’s stock worth $40,000 after acquiring an additional 1,244 shares during the period. Golden State Wealth Management LLC bought a new position in Caleres in the 4th quarter worth about $59,000. Lee Danner & Bass Inc. bought a new stake in shares of Caleres during the fourth quarter valued at approximately $81,000. Canada Pension Plan Investment Board acquired a new position in shares of Caleres during the fourth quarter worth approximately $86,000. Finally, KLP Kapitalforvaltning AS bought a new position in Caleres in the 4th quarter worth approximately $149,000. 98.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Loop Capital decreased their price target on Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, December 6th.

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.