Caleres, Inc. (NYSE:CAL) Director Acquires $159,930.00 in Stock

Caleres, Inc. (NYSE:CAL) Director Lori Greeley acquired 9,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of $17.77 per share, with a total value of $159,930.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $177,700. This trade represents a 900.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Caleres Stock Down 0.3 %

Shares of NYSE:CAL opened at $17.25 on Tuesday. The business has a fifty day simple moving average of $17.27 and a 200 day simple moving average of $24.53. Caleres, Inc. has a 12-month low of $15.00 and a 12-month high of $44.51. The firm has a market cap of $580.20 million, a P/E ratio of 3.84 and a beta of 1.82.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company had revenue of $639.20 million for the quarter, compared to analyst estimates of $645.79 million. During the same period in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. As a group, equities research analysts expect that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. Caleres’s dividend payout ratio is currently 9.12%.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Separately, Loop Capital decreased their price target on shares of Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research report 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.