Caleres (CAL) Projected to Post Quarterly Earnings on Thursday

Caleres (NYSE:CAL) is anticipated to announce its earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $645.79 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Caleres Price Performance

Shares of CAL stock opened at $16.24 on Wednesday. The business’s fifty day moving average price is $17.88 and its 200 day moving average price is $25.85. Caleres has a 1-year low of $15.00 and a 1-year high of $44.51. The firm has a market capitalization of $545.97 million, a PE ratio of 3.62 and a beta of 1.82.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, March 27th. Caleres’s dividend payout ratio (DPR) is 6.24%.

Insider Buying and Selling at Caleres

In other news, Director Kyle Gendreau bought 5,000 shares of the stock in a transaction on Friday, January 17th. The shares were bought at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,650. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.