Insider Buying: Caleres, Inc. (NYSE:CAL) Director Acquires 5,000 Shares of Stock

Caleres, Inc. (NYSE:CAL) Director Kyle Gendreau purchased 5,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,650. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Caleres Stock Up 0.3 %

Shares of CAL traded up $0.06 during mid-day trading on Wednesday, hitting $19.74. 578,858 shares of the company traded hands, compared to its average volume of 662,131. The company has a market capitalization of $663.69 million, a PE ratio of 4.40 and a beta of 1.96. The business has a 50 day moving average of $25.83 and a 200 day moving average of $31.64. Caleres, Inc. has a 1-year low of $19.21 and a 1-year high of $44.51.

Caleres (NYSE:CAL) last issued 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). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. During the same quarter in the previous year, the company posted $1.37 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, research analysts expect that Caleres, Inc. will post 3.24 EPS for the current fiscal year.

Caleres Announces Dividend

The company also recently declared 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 was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.42%. Caleres’s dividend payout ratio is currently 6.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Caleres by 42.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 418,722 shares of the textile maker’s stock worth $13,839,000 after purchasing an additional 124,266 shares during the period. Principal Financial Group Inc. grew its stake in shares of Caleres by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock worth $60,648,000 after purchasing an additional 56,346 shares during the period. Franklin Resources Inc. grew its stake in shares of Caleres by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 27,905 shares of the textile maker’s stock worth $908,000 after purchasing an additional 479 shares during the period. Geode Capital Management LLC increased its holdings in shares of Caleres by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker’s stock valued at $26,183,000 after purchasing an additional 27,291 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Caleres by 108.8% in the 3rd quarter. Barclays PLC now owns 55,776 shares of the textile maker’s stock valued at $1,843,000 after purchasing an additional 29,057 shares during the period. 98.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on CAL shares. StockNews.com lowered shares of Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. 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.

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.