Caleres (NYSE:CAL) Hits New 52-Week High at $39.12

Caleres, Inc. (NYSE:CALGet Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $39.12 and last traded at $39.01, with a volume of 6259 shares trading hands. The stock had previously closed at $38.70.

Analyst Upgrades and Downgrades

CAL has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Caleres from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd. KeyCorp initiated coverage on shares of Caleres in a research report on Wednesday, February 7th. They set a “sector weight” rating for the company.

View Our Latest Report on CAL

Caleres Trading Down 1.9 %

The company has a fifty day moving average of $33.15 and a 200-day moving average of $29.62. The stock has a market cap of $1.36 billion, a PE ratio of 8.74 and a beta of 1.99.

Caleres Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 21st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.28 annualized dividend and a dividend yield of 0.73%. Caleres’s dividend payout ratio is presently 6.41%.

Insider Activity at Caleres

In other Caleres news, CEO John W. Schmidt sold 12,668 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $30.16, for a total transaction of $382,066.88. Following the sale, the chief executive officer now directly owns 373,663 shares in the company, valued at approximately $11,269,676.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Caleres news, SVP Mark A. Schmitt sold 21,282 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $30.76, for a total value of $654,634.32. Following the sale, the senior vice president now directly owns 72,068 shares of the company’s stock, valued at approximately $2,216,811.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John W. Schmidt sold 12,668 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $30.16, for a total value of $382,066.88. Following the completion of the transaction, the chief executive officer now directly owns 373,663 shares in the company, valued at approximately $11,269,676.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,918 shares of company stock worth $1,558,623. Corporate insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC lifted its stake in Caleres by 108,172.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 32,231,553 shares of the textile maker’s stock worth $718,119,000 after purchasing an additional 32,201,784 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Caleres by 0.6% in the 1st quarter. BlackRock Inc. now owns 5,968,696 shares of the textile maker’s stock valued at $115,374,000 after buying an additional 36,096 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Caleres by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 3,840,810 shares of the textile maker’s stock valued at $74,243,000 after buying an additional 171,567 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Caleres by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,888,765 shares of the textile maker’s stock worth $45,199,000 after acquiring an additional 38,297 shares in the last quarter. Finally, State Street Corp lifted its position in Caleres by 2.4% in the first quarter. State Street Corp now owns 1,568,077 shares of the textile maker’s stock valued at $34,027,000 after acquiring an additional 37,254 shares during the last quarter. 88.44% of the stock is owned by institutional investors and hedge funds.

About Caleres

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Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, Eastern 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.

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