Caleres Inc (NYSE:CAL) insider Daniel R. Freidman sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.45, for a total transaction of $284,500.00. Following the completion of the transaction, the insider now owns 79,435 shares of the company’s stock, valued at $2,259,925.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Caleres Inc (NYSE CAL) traded up $0.48 on Tuesday, reaching $28.34. 376,163 shares of the company’s stock were exchanged, compared to its average volume of 282,911. The stock has a market cap of $1,237.37, a price-to-earnings ratio of 20.24, a PEG ratio of 1.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.93. Caleres Inc has a 1-year low of $22.39 and a 1-year high of $34.34.
Caleres (NYSE:CAL) last announced its earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $774.66 million for 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%. Caleres’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. research analysts expect that Caleres Inc will post 2.12 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. UBS Group lowered shares of Caleres from a “positive” rating to a “neutral” rating in a report on Tuesday, January 23rd. ValuEngine lowered shares of Caleres from a “buy” rating to a “hold” rating in a report on Friday. Susquehanna Bancshares reiterated a “neutral” rating and set a $33.00 target price (up from $32.00) on shares of Caleres in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Friday. Finally, Wedbush reiterated an “outperform” rating and set a $32.00 target price on shares of Caleres in a research note on Wednesday, November 22nd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.17.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. raised its stake in Caleres by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,988,467 shares of the textile maker’s stock valued at $66,574,000 after buying an additional 14,759 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Caleres in the 4th quarter worth $234,000. Algert Global LLC increased its stake in shares of Caleres by 7.1% in the 4th quarter. Algert Global LLC now owns 92,170 shares of the textile maker’s stock worth $3,086,000 after purchasing an additional 6,073 shares in the last quarter. LSV Asset Management increased its stake in shares of Caleres by 5.1% in the 4th quarter. LSV Asset Management now owns 35,200 shares of the textile maker’s stock worth $1,178,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in shares of Caleres by 16.3% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 525,566 shares of the textile maker’s stock worth $17,596,000 after purchasing an additional 73,585 shares in the last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.
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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.
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