Caleres (CAL) Scheduled to Post Earnings on Thursday

Caleres (NYSE:CAL) is scheduled to issue its quarterly earnings data before the market opens on Thursday, September 12th. Analysts expect the company to announce earnings of $1.21 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Caleres Price Performance

Shares of NYSE:CAL opened at $37.06 on Wednesday. Caleres has a 1-year low of $24.71 and a 1-year high of $44.51. The company has a market capitalization of $1.30 billion, a P/E ratio of 7.88 and a beta of 1.93. The firm’s 50 day simple moving average is $37.35 and its two-hundred day simple moving average is $36.94.

Caleres Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, September 13th. Caleres’s dividend payout ratio is currently 5.93%.

Insider Activity

In related news, insider Diane M. Sullivan sold 19,764 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $33.66, for a total value of $665,256.24. Following the completion of the sale, the insider now directly owns 173,816 shares of the company’s stock, valued at $5,850,646.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Diane M. Sullivan sold 19,764 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $33.66, for a total value of $665,256.24. Following the completion of the sale, the insider now directly owns 173,816 shares of the company’s stock, valued at $5,850,646.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Diane M. Sullivan sold 17,068 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.45, for a total transaction of $605,060.60. Following the sale, the insider now directly owns 150,449 shares of the company’s stock, valued at $5,333,417.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,181 shares of company stock valued at $1,447,208. 3.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on CAL. StockNews.com cut shares of Caleres from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Loop Capital lowered shares of Caleres from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a research note on Tuesday, September 3rd.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.