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

Caleres, Inc. (NYSE:CAL - Get Free Report) Director Lori Greeley acquired 9,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of $17.77 per share, with a total value of $159,930.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $177,700. This represents a 900.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Caleres Price Performance

Shares of CAL traded down $2.68 during midday trading on Thursday, reaching $15.15. The stock had a trading volume of 822,321 shares, compared to its average volume of 681,430. The company has a market cap of $509.48 million, a price-to-earnings ratio of 3.37 and a beta of 1.82. The company's fifty day simple moving average is $17.19 and its two-hundred day simple moving average is $24.38. Caleres, Inc. has a 1-year low of $14.51 and a 1-year high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share (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 during the quarter, compared to the consensus estimate of $645.79 million. During the same period in the previous year, the business earned $0.86 EPS. Caleres's revenue for the quarter was down 8.3% on a year-over-year basis. On average, sell-side analysts forecast that Caleres, Inc. will post 3.23 earnings per share for the current year.

Remove Ads

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued 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 1.85%. Caleres's payout ratio is currently 9.12%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Barclays PLC lifted its position in Caleres by 108.8% in the third quarter. Barclays PLC now owns 55,776 shares of the textile maker's stock valued at $1,843,000 after acquiring an additional 29,057 shares during the last quarter. FMR LLC lifted its holdings in shares of Caleres by 30.1% in the 3rd quarter. FMR LLC now owns 929,968 shares of the textile maker's stock valued at $30,735,000 after purchasing an additional 215,372 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Caleres by 314.6% in the 4th quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock valued at $3,620,000 after purchasing an additional 118,611 shares during the period. Victory Capital Management Inc. grew its stake in Caleres by 50.8% during the 4th quarter. Victory Capital Management Inc. now owns 115,443 shares of the textile maker's stock worth $2,674,000 after buying an additional 38,866 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Caleres by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 556,642 shares of the textile maker's stock valued at $12,892,000 after buying an additional 25,088 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company's stock.

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.