Caleres, Inc. to Issue Quarterly Dividend of $0.07 (NYSE:CAL)

Caleres, Inc. (NYSE:CAL) declared a quarterly dividend on Friday, May 28th, Zacks reports. Stockholders of record on Friday, June 11th will be paid a dividend of 0.07 per share by the textile maker on Wednesday, June 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, June 10th.

Shares of CAL opened at $28.14 on Wednesday. Caleres has a 52 week low of $5.99 and a 52 week high of $28.31. The company has a market cap of $1.08 billion, a PE ratio of 50.70 and a beta of 2.68. The company has a quick ratio of 0.36, a current ratio of 0.87 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average price of $24.23.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, May 27th. The textile maker reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.57. The company had revenue of $638.60 million during the quarter, compared to analysts’ expectations of $573.10 million. Caleres had a positive return on equity of 9.24% and a negative net margin of 3.69%. Caleres’s revenue was up 60.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.30) EPS. On average, research analysts anticipate that Caleres will post 2 earnings per share for the current fiscal year.

CAL has been the subject of a number of recent research reports. Zacks Investment Research upgraded Caleres from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Thursday, June 3rd. CL King upgraded Caleres from a “neutral” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, June 1st. Finally, TheStreet upgraded Caleres from a “d+” rating to a “c” rating in a report on Friday, May 28th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.00.

In related news, insider Willis Hill sold 10,835 shares of the firm’s stock in a transaction dated Wednesday, June 2nd. The shares were sold at an average price of $27.78, for a total value of $300,996.30. Following the transaction, the insider now owns 28,253 shares of the company’s stock, valued at approximately $784,868.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Douglas Koch sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $21.18, for a total transaction of $317,700.00. Following the completion of the transaction, the senior vice president now directly owns 93,130 shares in the company, valued at approximately $1,972,493.40. The disclosure for this sale can be found here. Insiders have sold a total of 89,335 shares of company stock worth $2,004,146 in the last three months. Insiders own 4.80% of the company’s stock.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear in the United States, China, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children.

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Dividend History for Caleres (NYSE:CAL)

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