CALERES INC
For the period ended Feb 3, 2024. Filed Apr 2, 2024.
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FY2024 · Filed Apr 2, 2024
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Our common stock is listed on the New York Stock Exchange (“NYSE”) under the trading symbol “CAL.” As of February 3, 2024, we had 3,646 shareholders of record.
Issuer Purchases of Equity Securities
The following table provides information relating to our repurchases of common stock during the fourth quarter of 2023:
| · · · · · · · · · | |||||
|---|---|---|---|---|---|
| · · · · · · · Total Number of · · Maximum Number | |||||
| · · · · · · · Shares Purchased · · of Shares that May | |||||
| · · Total Number · · · Average Price · · as Part of · · Yet Be | |||||
| Fiscal · · of Shares · · · Paid per · · Publicly Announced · · Purchased Under | |||||
| Period | Purchased (1) | | Share (1) | Program (2) | the Program (2) |
| October 29, 2023 - November 25, 2023 | 13,066 | | $29.72 | — | 5,604,379 |
| November 26, 2023 - December 30, 2023 | 21,995 | | 30.50 | — | 5,604,379 |
| December 31, 2023 - February 3, 2024 | — | | — | — | 5,604,379 |
| Total | 35,061 | | $30.21 | — | 5,604,379 |
| (1) | Includes shares that are tendered by employees related to certain share-based awards to satisfy tax withholding amounts for restricted stock and stock performance awards. |
| (2) | On September 2, 2019, the Board of Directors approved a stock repurchase program ("2019 Program") authorizing the purchase of up to 5,000,000 shares of our outstanding common stock. In addition, on March 10, 2022, the Board of Directors approved a stock repurchase program ("2022 Program") authorizing the repurchase of an additional |
7,000,000 shares of our outstanding common stock. We can use the repurchase programs to repurchase shares on the open market or in private transactions. Under these programs, the Company repurchased 763,000 shares during 2023 and 2,622,845 shares during 2022. As of February 3, 2024, there were 5,604,379 shares authorized to be repurchased under the 2022 Program. Our repurchases of common stock are limited under our debt agreements. Subsequent to our 2023 year-end, the Company has repurchased 416,000 shares at an aggregate price of $15.1 million.
Stock Performance Graph
The following performance graph compares the cumulative total return on our common stock with the cumulative total return of the following indices: (i) the S&P© SmallCap 600 Stock Index and (ii) a peer group of companies believed to be engaged in similar businesses. Our peer group consists of Designer Brands, Inc., Genesco, Inc., Shoe Carnival, Inc., Skechers U.S.A., Inc., Steven Madden, Ltd. and Wolverine World Wide, Inc.
Our fiscal year ends on the Saturday nearest to each January 31. Accordingly, share prices are as of the last business day in each fiscal year. The graph assumes that the value of the investment in our common stock and each index was $100 at February 2, 2019. The graph also assumes that all dividends were reinvested and that investments were held through February 3, 2024. These indices are included for comparative purposes only and do not necessarily reflect management’s opinion that such indices are an appropriate measure of the relative performance of the stock involved and are not intended to forecast or be indicative of possible future performance of the common stock.
*$100 invested on February 2, 2019 in stock or index, including reinvestment of dividends. Index calculated on daily basis.
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| · 2/2/2019 · · 2/1/2020 · 1/30/2021 · 1/29/2022 · 1/28/2023 · 2/3/2024 | |||||||||||||
| Caleres, Inc. | | $100.00 | | $60.01 | | $53.96 | | $83.49 | | $91.95 | | $118.20 | |
| Peer Group | | | 100.00 | | 106.60 | | 98.70 | | 115.97 | | 109.73 | | 120.15 |
| S&P© SmallCap 600 Stock Index | | | 100.00 | | 106.63 | | 131.34 | | 142.26 | | 141.93 | | 147.59 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.