Independent Director Of Caleres Sold 100% Of Their Shares

Anyone interested in Caleres, Inc. (NYSE:CAL) should probably be aware that the Independent Director, Carla Hendra, recently divested US$177k worth of shares in the company, at an average price of US$33.07 each. In particular, we note that the sale equated to a 100% reduction in their position size, which doesn't exactly instill confidence.

View our latest analysis for Caleres

The Last 12 Months Of Insider Transactions At Caleres

The insider, Mark Schmitt, made the biggest insider sale in the last 12 months. That single transaction was for US$753k worth of shares at a price of US$41.01 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$34.50. So it may not shed much light on insider confidence at current levels.

Insiders in Caleres didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does Caleres Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Caleres insiders own about US$46m worth of shares. That equates to 3.8% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Caleres Insider Transactions Indicate?

An insider sold Caleres shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But since Caleres is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 1 warning sign for Caleres you should know about.

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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.

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