Lori Greeley Acquires 9,000 Shares of Caleres, Inc. (NYSE:CAL) Stock

Caleres, Inc. (NYSE:CAL) Director Lori Greeley purchased 9,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $17.77 per share, with a total value of $159,930.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $177,700. This represents a 900.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Caleres Trading Down 0.3 %

NYSE:CAL traded down $0.05 on Monday, hitting $17.25. The company had a trading volume of 895,403 shares, compared to its average volume of 676,353. Caleres, Inc. has a 52 week low of $15.00 and a 52 week high of $44.51. The stock has a market capitalization of $580.20 million, a price-to-earnings ratio of 3.84 and a beta of 1.82. The firm has a 50 day moving average of $17.32 and a two-hundred day moving average of $24.62.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company had revenue of $639.20 million during the quarter, compared to analysts’ expectations of $645.79 million. During the same period in the prior year, the company earned $0.86 EPS. Caleres’s revenue was down 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Caleres, Inc. will post 3.23 EPS for the current year.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, March 27th. Caleres’s payout ratio is 9.12%.

Analysts Set New Price Targets

Separately, Loop Capital lowered their target price on Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, December 6th.

Institutional Trading of Caleres

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Caleres by 254.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker’s stock worth $40,000 after buying an additional 1,244 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Caleres during the fourth quarter valued at $59,000. Lee Danner & Bass Inc. bought a new stake in shares of Caleres in the fourth quarter worth $81,000. Canada Pension Plan Investment Board bought a new stake in shares of Caleres in the fourth quarter worth $86,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Caleres in the fourth quarter valued at $149,000. 98.44% of the stock is currently owned by institutional investors.

About Caleres

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.