Caleres (NYSE:CAL) Lowered to Hold at Loop Capital

Loop Capital lowered shares of Caleres (NYSE:CAL) from a buy rating to a hold rating in a report published on Tuesday morning, MarketBeat reports. Loop Capital currently has $45.00 target price on the textile maker’s stock.

Separately, StockNews.com downgraded Caleres from a strong-buy rating to a buy rating in a research note on Thursday, August 1st.

Caleres Price Performance

CAL stock opened at $38.83 on Tuesday. The company has a market capitalization of $1.36 billion, a P/E ratio of 8.23 and a beta of 1.93. The business has a 50-day moving average price of $37.14 and a 200 day moving average price of $36.91. Caleres has a 1-year low of $24.71 and a 1-year high of $44.51.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. Caleres’s dividend payout ratio is presently 5.93%.

Insider Buying and Selling at Caleres

In related news, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction on Monday, July 15th. The stock was sold at an average price of $33.07, for a total transaction of $176,891.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Diane M. Sullivan sold 17,068 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $35.45, for a total value of $605,060.60. Following the completion of the sale, the insider now owns 150,449 shares of the company’s stock, valued at $5,333,417.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carla C. Hendra sold 5,349 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $33.07, for a total value of $176,891.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,181 shares of company stock worth $1,447,208. 3.80% of the stock is currently owned by insiders.

Institutional Trading of Caleres

Institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Caleres during the 2nd quarter worth approximately $40,000. SG Americas Securities LLC purchased a new stake in shares of Caleres in the first quarter valued at $117,000. Shell Asset Management Co. purchased a new stake in shares of Caleres in the first quarter valued at $156,000. Assetmark Inc. lifted its holdings in shares of Caleres by 7.9% in the fourth quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock valued at $184,000 after purchasing an additional 440 shares in the last quarter. Finally, BlackDiamond Wealth Management LLC purchased a new stake in shares of Caleres during the fourth quarter worth $218,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East 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. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.