Caleres, Inc. (NYSE:CAL) insider Richard M. Ausick sold 5,000 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $33.07, for a total value of $165,350.00. Following the transaction, the insider now directly owns 90,834 shares in the company, valued at approximately $3,003,880.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Caleres, Inc. (NYSE CAL) opened at $33.48 on Friday. The company has a market capitalization of $1,438.94, a PE ratio of 16.66, a P/E/G ratio of 1.43 and a beta of 1.13. The company has a quick ratio of 0.49, a current ratio of 1.93 and a debt-to-equity ratio of 0.29. Caleres, Inc. has a fifty-two week low of $22.39 and a fifty-two week high of $34.34.

Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $774.66 million during the quarter, compared to the consensus estimate of $785.75 million. Caleres had a net margin of 2.21% and a return on equity of 13.59%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 EPS. equities analysts expect that Caleres, Inc. will post 2.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Tuesday, December 26th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.84%. Caleres’s dividend payout ratio is presently 20.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in Caleres by 0.4% in the second quarter. Arizona State Retirement System now owns 22,442 shares of the textile maker’s stock valued at $623,000 after purchasing an additional 100 shares during the last quarter. American International Group Inc. increased its holdings in shares of Caleres by 5.7% in the third quarter. American International Group Inc. now owns 33,441 shares of the textile maker’s stock worth $1,021,000 after acquiring an additional 1,800 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Caleres by 4.8% in the second quarter. Wells Fargo & Company MN now owns 80,208 shares of the textile maker’s stock worth $2,229,000 after acquiring an additional 3,686 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Caleres by 37.4% in the second quarter. BNP Paribas Arbitrage SA now owns 17,110 shares of the textile maker’s stock worth $475,000 after acquiring an additional 4,653 shares in the last quarter. Finally, LaSalle Street Capital Management LLC increased its holdings in shares of Caleres by 65.0% in the third quarter. LaSalle Street Capital Management LLC now owns 11,949 shares of the textile maker’s stock worth $365,000 after acquiring an additional 4,707 shares in the last quarter. Institutional investors and hedge funds own 86.53% of the company’s stock.

Several brokerages have recently issued reports on CAL. Zacks Investment Research raised Caleres from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, September 27th. Macquarie reaffirmed an “outperform” rating and set a $37.00 price target on shares of Caleres in a research note on Sunday, October 1st. Susquehanna Bancshares reaffirmed a “buy” rating and set a $32.00 price target on shares of Caleres in a research note on Wednesday, November 22nd. Wedbush reiterated an “outperform” rating and issued a $32.00 price objective on shares of Caleres in a report on Wednesday, November 22nd. Finally, ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.17.

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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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