Caleres, Inc. (NYSE:CAL) CEO Sells $660,300.00 in Stock

Caleres, Inc. (NYSE:CAL) CEO Diane M. Sullivan sold 31,000 shares of Caleres stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $21.30, for a total value of $660,300.00. Following the completion of the transaction, the chief executive officer now directly owns 645,421 shares of the company’s stock, valued at $13,747,467.30. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Caleres stock opened at $20.73 on Thursday. Caleres, Inc. has a one year low of $4.94 and a one year high of $22.87. The firm has a market capitalization of $786.66 million, a price-to-earnings ratio of -2.21 and a beta of 2.47. The business has a 50-day simple moving average of $18.38 and a 200 day simple moving average of $14.03. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.91 and a quick ratio of 0.38.

Caleres (NYSE:CAL) last issued its earnings results on Monday, March 15th. The textile maker reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.13. Caleres had a negative return on equity of 10.93% and a negative net margin of 16.11%. The business had revenue of $571.00 million during the quarter, compared to analyst estimates of $557.36 million. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue was down 18.3% compared to the same quarter last year. On average, sell-side analysts expect that Caleres, Inc. will post -1.45 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 9th. Shareholders of record on Thursday, March 25th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 24th. This represents a $0.28 dividend on an annualized basis and a yield of 1.35%. Caleres’s dividend payout ratio (DPR) is currently 13.33%.

A number of hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake in Caleres by 6.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 13,469 shares of the textile maker’s stock valued at $211,000 after purchasing an additional 839 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Caleres by 11.1% in the 4th quarter. Truist Financial Corp now owns 29,987 shares of the textile maker’s stock worth $470,000 after buying an additional 2,987 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Caleres by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 96,600 shares of the textile maker’s stock worth $1,512,000 after buying an additional 3,579 shares during the last quarter. Creative Planning boosted its stake in shares of Caleres by 30.0% in the 4th quarter. Creative Planning now owns 26,000 shares of the textile maker’s stock worth $407,000 after buying an additional 6,000 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Caleres by 7.8% in the third quarter. California Public Employees Retirement System now owns 90,810 shares of the textile maker’s stock valued at $868,000 after purchasing an additional 6,546 shares during the last quarter. Institutional investors and hedge funds own 77.23% of the company’s stock.

Separately, Zacks Investment Research raised Caleres from a “sell” rating to a “hold” rating in a research report on Monday, March 29th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Caleres has an average rating of “Buy” and an average price target of $15.67.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear in the United States, China, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children.

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