A new SEC filing reveals that Mahendra R Gupta, Director at Caleres (NYSE:CAL), made a notable insider purchase on June 6,.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Gupta increased their investment in Caleres by purchasing 4,564 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $160,013.
Caleres shares are trading down 0.0% at $33.82 at the time of this writing on Thursday morning.
Unveiling the Story Behind Caleres
Caleres Inc is a footwear retailer in the United States. The Company's business are organized into two reportable segments are famous Footwear and Brand Portfolio. The famous Footwear segment is comprised of famous Footwear retail stores, famousfootwear.com and famousfootwear.ca. The Brand Portfolio segment offers retailers and consumers a carefully cultivated portfolio of top brands. This segment is comprised of wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear to online retailers, national chains, department stores, mass merchandisers and independent retailers, as well as Company owned famous Footwear, Sam Edelman, Naturalizer and Allen Edmonds stores and e-commerce businesses.
Caleres: A Financial Overview
Revenue Challenges: Caleres's revenue growth over 3 months faced difficulties. As of ...