Item 5. Market for Registrant’s Common Equity
ITEM 5 MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the trading symbol “CAL.” As of January 29, 2022, we had 3,480 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 2021:
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 31, 2021 - November 27, 2021
216,724
$
27.61
215,043
2,436,446
November 28, 2021 - January 1, 2022
382,797
25.16
378,500
2,057,946
January 2, 2022 - January 29, 2022
67,722
22.05
67,722
1,990,224
Total
667,243
$
25.64
661,265
1,990,224
(1) Includes shares purchased as part of our publicly announced stock repurchase program and shares that are tendered by employees related to certain share-based awards. The employee shares were tendered in satisfaction of the exercise price of stock options and/or to satisfy tax withholding amounts for non-qualified stock options, restricted stock and stock performance awards.
(2) On December 14, 2018, the Board of Directors approved a stock repurchase program ("2018 Program") authorizing the purchase of up to 2,500,000 shares of our outstanding common stock. In addition, 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. We can use the repurchase programs to repurchase shares on the open market or in private transactions. Under these programs, the Company repurchased 661,265 shares during 2021 and 2,902,122 shares during 2020. As of January 29, 2022, there were 1,990,224 shares authorized to be repurchased under the repurchase programs. Subsequent to year-end, the Board of Directors authorized an additional 7,000,000 shares under our stock repurchase programs. With this increase, we have 8,990,224 shares authorized to be repurchased under the repurchase programs. Our repurchases of common stock are limited under our debt agreements.
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 January 28, 2017. The graph also assumes that all dividends were reinvested and that investments were held through January 29, 2022. These indices are included for comparative purposes only and do not necessarily reflect management’s
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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 January 28, 2017 in stock or index, including reinvestment of dividends. Index calculated on daily basis.
1/28/2017
2/3/2018
2/2/2019
2/1/2020
1/30/2021
1/29/2022
Caleres, Inc.
$
100.00
$
97.71
$
101.37
$
60.84
$
54.70
$
84.63
Peer Group
100.00
129.29
124.97
133.21
123.34
144.93
S&P© SmallCap 600 Stock Index
100.00
114.08
114.48
122.07
150.36
162.87
ITEM 6 RESERVED