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

Caleres, Inc. (NYSE:CAL) Director Kyle Gendreau acquired 5,000 shares of Caleres stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $19.93 per share, with a total value of $99,650.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $99,650. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Caleres Trading Down 0.5 %

Caleres stock opened at $20.04 on Friday. The firm has a market cap of $673.98 million, a price-to-earnings ratio of 4.46 and a beta of 1.96. The stock has a fifty day simple moving average of $24.94 and a two-hundred day simple moving average of $31.31. Caleres, Inc. has a 12 month low of $19.21 and a 12 month high of $44.51.

Caleres (NYSE:CAL) last released its quarterly earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). The firm had revenue of $740.90 million during the quarter, compared to analysts’ expectations of $751.35 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $1.37 earnings per share. On average, equities research analysts forecast that Caleres, Inc. will post 3.24 EPS for the current fiscal year.

Caleres Dividend Announcement

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

Hedge Funds Weigh In On Caleres

Several institutional investors and hedge funds have recently bought and sold shares of CAL. nVerses Capital LLC lifted its position in 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 purchasing an additional 1,500 shares in the last quarter. Creative Planning purchased a new position in Caleres during the third quarter valued at $204,000. Y Intercept Hong Kong Ltd purchased a new position in Caleres during the third quarter valued at $228,000. AXA S.A. lifted its position in 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 purchasing an additional 1,540 shares in the last quarter. Finally, Olympiad Research LP lifted its position in shares of Caleres by 37.3% in the third quarter. Olympiad Research LP now owns 10,530 shares of the textile maker’s stock valued at $348,000 after acquiring an additional 2,859 shares in the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CAL. StockNews.com lowered 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 for the company 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.