Kyle Gendreau Buys 5,000 Shares of Caleres, Inc. (NYSE:CAL) Stock

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

Caleres Stock Performance

Shares of CAL stock opened at $20.15 on Friday. Caleres, Inc. has a 1 year low of $19.21 and a 1 year high of $44.51. The stock has a market cap of $677.62 million, a PE ratio of 4.49 and a beta of 1.96. The business’s fifty day moving average is $25.35 and its 200-day moving average is $31.48.

Caleres (NYSE:CAL) last released its quarterly earnings data 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). The company had revenue of $740.90 million for the quarter, compared to the consensus estimate of $751.35 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. Equities research analysts predict that Caleres, Inc. will post 3.24 earnings per share for the current year.

Caleres Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on CAL shares. Loop Capital reduced their target price on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, December 6th. StockNews.com downgraded Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd.

Institutional Investors Weigh In On Caleres

Several large investors have recently modified their holdings of CAL. Principal Financial Group Inc. boosted its position 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 buying an additional 56,346 shares during the period. State Street Corp boosted its position in shares of Caleres by 3.1% in the third quarter. State Street Corp now owns 1,519,912 shares of the textile maker’s stock worth $50,233,000 after buying an additional 46,230 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Caleres in the third quarter worth $49,783,000. FMR LLC boosted its position in shares of Caleres by 30.1% in the third quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock worth $30,735,000 after buying an additional 215,372 shares during the period. Finally, Geode Capital Management LLC boosted its position 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 buying an additional 27,291 shares during the period. 98.44% of the stock is 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.