Diane M. Sullivan Sells 26,100 Shares of Caleres, Inc. (CAL) Stock

Caleres, Inc. (NYSE:CAL) CEO Diane M. Sullivan sold 26,100 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $32.57, for a total value of $850,077.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Caleres, Inc. (NYSE:CAL) opened at $31.44 on Friday. Caleres, Inc. has a twelve month low of $22.39 and a twelve month high of $36.61. The company has a market capitalization of $1,350.85, a PE ratio of 15.64, a P/E/G ratio of 1.33 and a beta of 1.12. The company has a current ratio of 1.93, a quick ratio of 0.49 and a debt-to-equity ratio of 0.29.

Caleres (NYSE:CAL) last announced its earnings results on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Caleres had a net margin of 2.21% and a return on equity of 13.59%. The firm had revenue of $774.66 million for the quarter, compared to analysts’ expectations of $785.75 million. During the same quarter last year, the business earned $0.81 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. equities analysts anticipate that Caleres, Inc. will post 2.15 earnings per share for the current fiscal year.

CAL has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Caleres from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a report on Friday. BidaskClub cut Caleres from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Wedbush restated an “outperform” rating and set a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Finally, Susquehanna Bancshares restated a “buy” rating and set a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Caleres presently has a consensus rating of “Buy” and an average target price of $33.17.

Several institutional investors and hedge funds have recently made changes to their positions in CAL. State Street Corp boosted its stake in shares of Caleres by 4.7% in the 1st quarter. State Street Corp now owns 1,158,763 shares of the textile maker’s stock valued at $30,619,000 after buying an additional 51,954 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Caleres by 78.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,495 shares of the textile maker’s stock valued at $235,000 after buying an additional 3,735 shares during the period. US Bancorp DE boosted its stake in shares of Caleres by 0.5% in the 2nd quarter. US Bancorp DE now owns 10,274 shares of the textile maker’s stock valued at $285,000 after buying an additional 49 shares during the period. Strs Ohio boosted its stake in shares of Caleres by 3.0% in the 2nd quarter. Strs Ohio now owns 34,300 shares of the textile maker’s stock valued at $952,000 after buying an additional 1,000 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Caleres by 4.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 61,879 shares of the textile maker’s stock valued at $1,717,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 86.57% 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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