Caleres, Inc. (CAL) CEO Sells $850,077.00 in Stock

Caleres, Inc. (NYSE:CAL) CEO Diane M. Sullivan sold 26,100 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $32.57, for a total transaction of $850,077.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Caleres, Inc. (CAL) traded down $0.16 during trading on Friday, reaching $32.64. 619,300 shares of the company’s stock traded hands, compared to its average volume of 343,169. The stock has a market capitalization of $1,328.07, a price-to-earnings ratio of 15.38, a P/E/G ratio of 1.31 and a beta of 1.04. Caleres, Inc. has a one year low of $22.39 and a one year high of $36.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). The company had revenue of $774.66 million during the quarter, compared to analysts’ expectations of $785.75 million. Caleres had a net margin of 2.21% and a return on equity of 13.59%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. sell-side analysts predict that Caleres, Inc. will post 2.15 earnings per share for the current year.

A number of brokerages recently issued reports on CAL. Susquehanna Bancshares reissued a “buy” rating and issued a $32.00 price objective on shares of Caleres in a report on Wednesday, November 22nd. BidaskClub cut shares of Caleres from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research cut shares of Caleres from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Macquarie reaffirmed an “outperform” rating and issued a $37.00 target price on shares of Caleres in a research report on Sunday, October 1st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $32.00 target price on shares of Caleres in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $33.17.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its position in Caleres by 14.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 152,863 shares of the textile maker’s stock valued at $4,247,000 after buying an additional 19,341 shares during the last quarter. Paradigm Capital Management Inc. NY raised its stake in shares of Caleres by 2.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 911,100 shares of the textile maker’s stock worth $25,310,000 after buying an additional 22,200 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Caleres by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,814,134 shares of the textile maker’s stock worth $105,956,000 after buying an additional 30,772 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Caleres during the 3rd quarter worth $3,684,000. Finally, Thrivent Financial For Lutherans increased its position in Caleres by 48.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 237,775 shares of the textile maker’s stock worth $6,605,000 after purchasing an additional 78,110 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

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Caleres Company Profile

Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.

Insider Buying and Selling by Quarter for Caleres (NYSE:CAL)

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