Caleres Inc (CAL) Insider Daniel R. Freidman Sells 10,000 Shares
Caleres Inc (NYSE:CAL) insider Daniel R. Freidman sold 10,000 shares of the stock in a transaction dated 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 document filed with the SEC, which is available through this link.
Shares of Caleres Inc (NYSE CAL) opened at $28.23 on Friday. The firm has a market cap of $1,240.38, a PE ratio of 14.36, a price-to-earnings-growth 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 12 month low of $22.39 and a 12 month high of $34.34.
Caleres (NYSE:CAL) last released its quarterly earnings data 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 firm had revenue of $774.66 million for 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 firm’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 business posted $0.81 earnings per share. equities research analysts predict that Caleres Inc will post 2.12 earnings per share for the current year.
Several research analysts recently issued reports on the stock. ValuEngine upgraded shares of Caleres from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Wedbush reiterated an “outperform” rating and issued a $32.00 price target on shares of Caleres in a research note on Wednesday, November 22nd. Zacks Investment Research lowered shares of Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. UBS Group lowered shares of Caleres from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Finally, Susquehanna Bancshares reiterated a “neutral” rating and issued a $33.00 price target (up from $32.00) on shares of Caleres in a research note on Tuesday, January 23rd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Caleres currently has a consensus rating of “Buy” and an average target price of $33.17.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Caleres by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,814,134 shares of the textile maker’s stock valued at $105,956,000 after purchasing an additional 30,772 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Caleres by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,626,003 shares of the textile maker’s stock valued at $110,666,000 after purchasing an additional 37,987 shares in the last quarter. Victory Capital Management Inc. increased 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 purchasing an additional 14,759 shares in the last quarter. State Street Corp increased its stake in Caleres by 8.0% during the 2nd quarter. State Street Corp now owns 1,251,450 shares of the textile maker’s stock valued at $34,764,000 after purchasing an additional 92,687 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY increased its stake in Caleres by 3.2% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 939,900 shares of the textile maker’s stock valued at $28,685,000 after purchasing an additional 28,800 shares in the last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.
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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.
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