Investors who take an interest in Caleres, Inc. (NYSE:CAL) should definitely note that the President, John Schmidt, recently paid US$13.39 per share to buy US$102k worth of the stock. Although the purchase only increased their holding by 1.7%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Caleres
The insider, Carla Hendra, made the biggest insider sale in the last 12 months. That single transaction was for US$177k worth of shares at a price of US$33.07 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$13.47. So it may not tell us anything about how insiders feel about the current share price. Carla Hendra was the only individual insider to sell shares in the last twelve months.
Over the last year, we can see that insiders have bought 21.60k shares worth US$361k. On the other hand they divested 5.35k shares, for US$177k. In total, Caleres insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Caleres
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Caleres Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Caleres insiders own 4.3% of the company, worth about US$21m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Caleres Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Caleres insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Caleres. At Simply Wall St, we found 2 warning signs for Caleres that deserve your attention before buying any shares.
But note: Caleres may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.