Insider Buying: Caleres, Inc. (NYSE:CAL) Director Purchases $159,930.00 in Stock

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

Caleres Trading Up 0.7 %

NYSE:CAL opened at $17.83 on Thursday. Caleres, Inc. has a 1 year low of $15.00 and a 1 year high of $44.51. The stock has a 50-day moving average price of $17.19 and a two-hundred day moving average price of $24.38. The stock has a market cap of $599.61 million, a price-to-earnings ratio of 3.97 and a beta of 1.82.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, March 20th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. The business had revenue of $639.20 million during the quarter, compared to analyst estimates of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. Caleres’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. Sell-side analysts forecast that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be given a $0.07 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 1.57%. Caleres’s dividend payout ratio is currently 9.12%.

Hedge Funds Weigh In On Caleres

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Caleres during the fourth quarter worth about $1,616,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Caleres by 31.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,962 shares of the textile maker’s stock worth $2,338,000 after acquiring an additional 24,316 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Caleres during the 4th quarter worth approximately $8,259,000. Vident Advisory LLC raised its holdings in shares of Caleres by 32.6% in the fourth quarter. Vident Advisory LLC now owns 15,918 shares of the textile maker’s stock valued at $369,000 after purchasing an additional 3,912 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Caleres in the fourth quarter worth $406,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.