Bruce K Thorn, Board Member at Caleres (NYSE:CAL), reported an insider buy on June 6, according to a new SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Thorn purchased 4,564 shares of Caleres, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $160,013.
Monitoring the market, Caleres's shares down by 0.0% at $33.82 during Thursday's morning.
All You Need to Know About 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.
A Deep Dive into Caleres's Financials
Revenue Challenges: Caleres's revenue growth over 3 months faced difficulties. ...