Caleres, Inc. (NYSE:CAL) Director Purchases $99,650.00 in Stock

Caleres, Inc. (NYSE:CAL) Director Kyle Gendreau acquired 5,000 shares of the stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,650. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Caleres Price Performance

Shares of NYSE CAL opened at $20.04 on Friday. The business’s 50 day moving average is $24.94 and its two-hundred day moving average is $31.31. Caleres, Inc. has a 1-year low of $19.21 and a 1-year high of $44.51. The stock has a market capitalization of $673.98 million, a P/E ratio of 4.46 and a beta of 1.96.

Caleres (NYSE:CAL) last issued 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). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company had revenue of $740.90 million for the quarter, compared to the consensus estimate of $751.35 million. During the same period in the previous year, the firm earned $1.37 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Caleres, Inc. will post 3.24 earnings per share for the current fiscal year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.40%. Caleres’s dividend payout ratio (DPR) is presently 6.24%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. nVerses Capital LLC boosted its position in shares of Caleres by 125.0% during the third quarter. nVerses Capital LLC now owns 2,700 shares of the textile maker’s stock valued at $89,000 after buying an additional 1,500 shares during the period. Creative Planning purchased a new position in shares of Caleres during the third quarter valued at approximately $204,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Caleres during the third quarter valued at approximately $228,000. AXA S.A. boosted its position in shares of Caleres by 28.5% during the second quarter. AXA S.A. now owns 6,939 shares of the textile maker’s stock valued at $233,000 after buying an additional 1,540 shares during the period. Finally, Olympiad Research LP boosted its position in shares of Caleres by 37.3% during the third quarter. Olympiad Research LP now owns 10,530 shares of the textile maker’s stock valued at $348,000 after buying an additional 2,859 shares during the period. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CAL shares. StockNews.com cut Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. 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.

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.