Schmidt (CEO, Caleres) buys 7,600 shares at $13.39; stock down 67.4% from 52-week high of $43.97
Schmidt, the President & CEO of Caleres, purchased 7,600 shares at $13.39, expanding his holdings by 1.7% from 445,880 to 453,480 shares. The purchase occurs at a significant markdown: the stock trades at $14.33 (current), down 67.4% from its 52-week high of $43.97, and has declined 4.9% over the past 30 days and 7.2% over 90 days. At the same-ticker level, Schmidt's prior five trades were all sales, with 4 of 5 well-timed at the 90-day mark, though his most recent sale (May 2024) saw the stock fall further—suggesting a pattern of exiting before continued declines. The fundamental picture shows modest headwinds: annual revenue contracted 3.4% year-over-year, net income sits at just $6.9M on $614.2M revenue, and the P/E of 5.83 reflects a compressed valuation. The buy itself is modest in absolute terms ($101.8K) and represents his first purchase at this ticker in the available history, contrasting sharply with his prior disposition activity.