Caleres, Inc. (NYSE:CAL) declared a quarterly dividend on Thursday, December 14th, RTT News reports. Investors of record on Tuesday, December 26th will be given a dividend of 0.07 per share by the textile maker on Wednesday, January 10th. This represents a $0.28 dividend on an annualized basis and a yield of 0.87%.

Caleres has a dividend payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Caleres to earn $2.42 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 11.6%.

Caleres (CAL) traded up $0.50 during trading hours on Thursday, reaching $32.26. 139,600 shares of the company were exchanged, compared to its average volume of 341,299. Caleres has a 1 year low of $22.39 and a 1 year high of $36.61. The company has a current ratio of 1.93, a quick ratio of 0.49 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1,365.02, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 1.36 and a beta of 1.13.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Caleres had a net margin of 2.21% and a return on equity of 13.59%. The firm had revenue of $774.66 million during the quarter, compared to analysts’ expectations of $785.75 million. During the same quarter last year, the business earned $0.81 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. equities research analysts anticipate that Caleres will post 2.12 earnings per share for the current year.

A number of equities analysts recently weighed in on CAL shares. BidaskClub lowered shares of Caleres from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research lowered shares of Caleres from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Susquehanna Bancshares reiterated a “buy” rating and issued a $31.00 price objective on shares of Caleres in a research report on Tuesday, August 29th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $33.17.

In other Caleres news, CEO Diane M. Sullivan sold 26,100 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $32.57, for a total value of $850,077.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Douglas Koch sold 33,400 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $30.03, for a total value of $1,003,002.00. Following the completion of the sale, the senior vice president now directly owns 103,837 shares of the company’s stock, valued at approximately $3,118,225.11. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by company insiders.

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About Caleres

Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.

Dividend History for Caleres (NYSE:CAL)

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