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

Caleres, Inc. (NYSE:CAL) Director Lori Greeley purchased 9,000 shares of Caleres stock in a transaction dated Thursday, March 27th. The stock was bought 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 trade represents a 900.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Caleres Stock Down 0.3 %

NYSE:CAL opened at $17.25 on Tuesday. The firm has a market capitalization of $580.20 million, a price-to-earnings ratio of 3.84 and a beta of 1.82. Caleres, Inc. has a twelve month low of $15.00 and a twelve month high of $44.51. The stock’s 50 day moving average price is $17.27 and its two-hundred day moving average price is $24.53.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 earnings per share 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 firm had revenue of $639.20 million for the quarter, compared to the consensus estimate of $645.79 million. During the same quarter in the previous year, the business earned $0.86 earnings per share. The business’s revenue was down 8.3% compared to the same quarter last year. As a group, analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current year.

Caleres Dividend Announcement

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 given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 1.62%. Caleres’s dividend payout ratio (DPR) is presently 9.12%.

Institutional Trading of Caleres

Several institutional investors have recently added to or reduced their stakes in CAL. Intech Investment Management LLC bought a new stake in shares of Caleres in the third quarter valued at approximately $472,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Caleres by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 531,554 shares of the textile maker’s stock worth $17,568,000 after acquiring an additional 8,421 shares during the last quarter. FMR LLC boosted its stake 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Caleres during the 3rd quarter worth approximately $972,000. Finally, Public Sector Pension Investment Board lifted its stake in Caleres by 2.5% in 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 last quarter. 98.44% of the stock is currently owned by institutional investors.

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 report 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.