Insider Selling: Caleres, Inc. (NYSE:CAL) Insider Sells $605,060.60 in Stock

Caleres, Inc. (NYSE:CAL) insider Diane M. Sullivan sold 17,068 shares of Caleres stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.45, for a total transaction of $605,060.60. Following the completion of the sale, the insider now owns 150,449 shares in the company, valued at $5,333,417.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Caleres Trading Up 1.9 %

Shares of NYSE CAL opened at $37.35 on Friday. Caleres, Inc. has a twelve month low of $23.79 and a twelve month high of $41.94. The firm has a 50-day moving average of $34.40 and a two-hundred day moving average of $35.44. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 7.91 and a beta of 1.91.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, May 30th. The textile maker reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Caleres had a net margin of 5.97% and a return on equity of 27.32%. The company had revenue of $659.20 million during the quarter, compared to analyst estimates of $664.80 million. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts predict that Caleres, Inc. will post 4.4 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were given a $0.07 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. Caleres’s dividend payout ratio (DPR) is presently 5.93%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CAL. SG Americas Securities LLC acquired a new stake in shares of Caleres during the first quarter worth approximately $117,000. Shell Asset Management Co. acquired a new stake in shares of Caleres in the 1st quarter valued at $156,000. Mutual of America Capital Management LLC bought a new stake in Caleres in the first quarter worth $236,000. Assetmark Inc. increased its position in Caleres by 7.9% during the fourth quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock worth $184,000 after buying an additional 440 shares during the last quarter. Finally, Inspire Advisors LLC bought a new position in Caleres during the first quarter valued at about $259,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Caleres from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

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.