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Monday, June 5, 2023

Caleres Inc. (NYSE: CAL) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Caleres Inc. (CAL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.48, or 2.37%, to $20.75. The Caleres Inc. has recorded 13,168 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Caleres Awarded on the USA Today America’s Climate Leaders 2023 List.

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Stocks Info

Caleres Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Footwear & Accessories industry. At the end of the last regular session, the stock closed at $20.27 and fluctuated between $21.68 as its day high and $20.08 as its day low. The current market capitalization of Caleres Inc. is $800.67M. A total of 0.54 million shares were traded on the day, compared to an average of 549.31K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CAL has seen 15 BUY and 23 SELL insider trades, representing the acquisition of 736,808 and the disposition of 352,234 shares. Over the last 12 months, there were 23 BUYs and 53 SELLs from insiders. Insiders purchased 923,093 shares during that period but sold 616,280.

In the most recent transaction, Freidman Daniel R sold 5,000 shares of CAL for 26.00 per share on Feb 15. After the transaction, the Chief Sourcing Officer now owns 53,498 company shares. In a previous transaction on Feb 15, SULLIVAN DIANE M sold 1,280 shares at 26.19 per share. CAL shares that Executive Chair owns now total 110,236.

Among the insiders who sold shares, SULLIVAN DIANE M disposed of 1,500 shares on Feb 06 at a per-share price of $26.20. This resulted in the Executive Chair holding 111,516 shares of CAL after the transaction. In another insider transaction, SULLIVAN DIANE M sold 12,275 shares at $26.79 per share on Feb 03. Company shares held by the Executive Chair now total 113,016.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Caleres Inc. pays an annual dividend of $0.28, resulting in a dividend yield of 1.38%, and it has a price to earnings (P/E) ratio of 4.08. CAL’s most recent ex-dividend date was 3/22/2023 when it declared a $0.07 quarterly dividend that was paid in cash on 4/6/2023. Previously, the company paid the dividend on 1/6/2023 with an ex-dividend date of 12/21/2022. The CAL stock dividend was $0.07 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CAL in the last 3 months, the mean price target is $34.75 with high estimates of $37.00 and low estimates of $32.00. In terms of 52-week highs and lows, CAL has a high of $31.13 and a low of $19.35.

As of this writing, CAL has an earnings estimate of $0.93 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.95 per share and a lower estimate of $0.92. The company reported an EPS of $1.15 in the last quarter, which was 2.70% higher than expectations of $1.12.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CAL’s latest balance sheet shows that the firm has $30.11M in Cash & Short Term Investments as of fiscal 2022. There were $871.40M in debt and $1.03B in liabilities at the time. Its Book Value Per Share was $12.34, while its Total Shareholder’s Equity was $323.39M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CAL is Buy with a score of 5.00.

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