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

Caleres, Inc. (NYSE:CAL) declared a quarterly dividend on Friday, March 14th, RTT News reports. Investors of record on Thursday, March 27th will be given a dividend of 0.07 per share by the textile maker on Friday, April 11th. This represents a $0.28 annualized dividend and a yield of 1.81%.

Caleres has a payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Caleres to earn $3.72 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 7.5%.

Caleres Price Performance

NYSE:CAL traded up $0.21 on Friday, reaching $15.48. 775,937 shares of the company’s stock were exchanged, compared to its average volume of 628,850. Caleres has a 52 week low of $15.00 and a 52 week high of $44.51. The firm has a market cap of $520.71 million, a price-to-earnings ratio of 3.45 and a beta of 1.82. The stock has a fifty day simple moving average of $18.24 and a 200-day simple moving average of $26.65.

Analysts Set New Price Targets

Separately, Loop Capital lowered their target price on shares of Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

Insider Buying and Selling at Caleres

In related news, Director Kyle Gendreau acquired 5,000 shares of Caleres stock in a transaction on Friday, January 17th. The shares were acquired at an average cost of $19.93 per share, with a total value of $99,650.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $99,650. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.80% of the company’s stock.

About Caleres

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.