Daniel R. Freidman Sells 2,000 Shares of Caleres Inc (CAL) Stock
Caleres Inc (NYSE:CAL) insider Daniel R. Freidman sold 2,000 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $26.43, for a total value of $52,860.00. Following the sale, the insider now owns 85,043 shares of the company’s stock, valued at $2,247,686.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Caleres Inc (NYSE:CAL) traded up 0.25% during mid-day trading on Friday, reaching $28.19. 292,498 shares of the company’s stock were exchanged. Caleres Inc has a one year low of $21.27 and a one year high of $36.61. The stock has a market cap of $1.21 billion, a PE ratio of 18.55 and a beta of 0.61. The company has a 50 day moving average price of $27.66 and a 200-day moving average price of $29.36.
Caleres (NYSE:CAL) last released its earnings results on Thursday, March 16th. The textile maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.05. The company earned $639.49 million during the quarter, compared to analyst estimates of $630.22 million. Caleres had a return on equity of 13.54% and a net margin of 3.28%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. On average, analysts predict that Caleres Inc will post $2.17 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Tuesday, March 21st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, March 17th. Caleres’s dividend payout ratio (DPR) is presently 14.43%.
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CAL has been the subject of several recent analyst reports. Rafferty Capital Markets restated a “buy” rating on shares of Caleres in a research note on Tuesday, April 4th. Zacks Investment Research upgraded Caleres from a “sell” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Tuesday, March 7th. TheStreet downgraded shares of Caleres from a “b” rating to a “c+” rating in a report on Friday, April 7th. Jefferies Group LLC reiterated a “hold” rating on shares of Caleres in a report on Tuesday, January 3rd. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $31.00 price target on shares of Caleres in a report on Monday, March 20th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Caleres presently has an average rating of “Buy” and a consensus price target of $31.29.
Hedge funds have recently added to or reduced their stakes in the company. First Manhattan Co. boosted its stake in Caleres by 38.9% in the third quarter. First Manhattan Co. now owns 98,500 shares of the textile maker’s stock worth $2,491,000 after buying an additional 27,600 shares during the period. Martingale Asset Management L P boosted its stake in Caleres by 100.8% in the fourth quarter. Martingale Asset Management L P now owns 44,623 shares of the textile maker’s stock worth $1,465,000 after buying an additional 22,399 shares during the period. Paradigm Capital Management Inc. NY boosted its stake in Caleres by 5.6% in the third quarter. Paradigm Capital Management Inc. NY now owns 927,250 shares of the textile maker’s stock worth $23,450,000 after buying an additional 49,550 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Caleres by 26.1% in the third quarter. UBS Asset Management Americas Inc. now owns 25,098 shares of the textile maker’s stock worth $635,000 after buying an additional 5,200 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Caleres by 435.3% in the third quarter. Teachers Advisors LLC now owns 360,486 shares of the textile maker’s stock worth $9,117,000 after buying an additional 293,148 shares during the period. Institutional investors own 85.77% of the company’s stock.
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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