Caleres (NYSE:CAL) insider Daniel R. Freidman sold 5,000 shares of Caleres stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $34.70, for a total transaction of $173,500.00. Following the sale, the insider now owns 79,046 shares in the company, valued at $2,742,896.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
NYSE:CAL opened at $35.85 on Friday. The company has a market cap of $1.56 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. Caleres has a one year low of $35.13 and a one year high of $36.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.64 and a current ratio of 1.97.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, March 13th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. The firm had revenue of $702.50 million for the quarter, compared to the consensus estimate of $695.61 million. Caleres had a net margin of 3.13% and a return on equity of 14.01%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 EPS. analysts expect that Caleres will post 2.48 earnings per share for the current fiscal year.
CAL has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Friday, February 2nd. Susquehanna Bancshares reiterated a “neutral” rating and set a $33.00 target price (up from $32.00) on shares of Caleres in a research report on Tuesday, January 23rd. ValuEngine upgraded shares of Caleres from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Wedbush reiterated an “outperform” rating and set a $35.00 target price on shares of Caleres in a research report on Wednesday, March 14th. Finally, UBS downgraded shares of Caleres from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Caleres presently has an average rating of “Buy” and a consensus target price of $36.00.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Caleres by 0.5% in the 1st quarter. BlackRock Inc. now owns 5,429,116 shares of the textile maker’s stock worth $182,417,000 after purchasing an additional 28,880 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Caleres by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,642,976 shares of the textile maker’s stock worth $122,404,000 after purchasing an additional 15,040 shares during the period. Franklin Resources Inc. lifted its position in shares of Caleres by 61.4% in the 1st quarter. Franklin Resources Inc. now owns 2,200,691 shares of the textile maker’s stock worth $73,943,000 after purchasing an additional 836,772 shares during the period. Victory Capital Management Inc. lifted its position in shares of Caleres by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,988,467 shares of the textile maker’s stock worth $66,574,000 after purchasing an additional 14,759 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Caleres by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,113,643 shares of the textile maker’s stock worth $37,418,000 after purchasing an additional 3,192 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.
Caleres, Inc, a footwear company, retails and wholesales footwear. The company operates through Famous Footwear and Brand Portfolio segments. It offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children. The company operates retail shoe stores primarily under the Famous Footwear and Naturalizer names, which offer brand-name athletic, casual, and dress shoes, including company-owned and licensed brands, such as LifeStride, Dr.
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