Insider Buying: Caleres, Inc. (NYSE:CAL) Director Acquires 9,000 Shares of Stock

Caleres, Inc. (NYSE:CAL) Director Lori Greeley purchased 9,000 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $17.77 per share, for a total transaction of $159,930.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $177,700. This represents a 900.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Caleres Stock Up 2.7 %

Shares of Caleres stock opened at $17.70 on Wednesday. The business has a fifty day simple moving average of $17.23 and a 200-day simple moving average of $24.43. Caleres, Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $44.51. The firm has a market cap of $595.17 million, a price-to-earnings ratio of 3.94 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 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.06. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $639.20 million during the quarter, compared to analyst estimates of $645.79 million. During the same quarter last year, the firm posted $0.86 EPS. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. Analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Caleres Dividend Announcement

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 given 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 dividend yield of 1.58%. Caleres’s dividend payout ratio (DPR) is presently 9.12%.

Wall Street Analyst Weigh In

Separately, Loop Capital lowered their price objective on shares of Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

Hedge Funds Weigh In On Caleres

A number of hedge funds have recently modified their holdings of CAL. Intech Investment Management LLC acquired a new stake in Caleres during the 3rd quarter worth about $472,000. Charles Schwab Investment Management Inc. lifted its position in shares of Caleres by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 531,554 shares of the textile maker’s stock valued at $17,568,000 after acquiring an additional 8,421 shares in the last quarter. FMR LLC boosted its stake in Caleres by 30.1% in the 3rd quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock worth $30,735,000 after purchasing an additional 215,372 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Caleres during the 3rd quarter worth approximately $972,000. Finally, Public Sector Pension Investment Board raised its stake in Caleres by 2.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 74,539 shares of the textile maker’s stock valued at $2,464,000 after purchasing an additional 1,800 shares during the period. 98.44% of the stock is currently owned by institutional investors and hedge funds.

About Caleres

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.