Caleres (NYSE:CAL) declared a quarterly dividend on Thursday, March 8th, RTT News reports. Investors of record on Monday, March 19th will be given a dividend of 0.07 per share by the textile maker on Monday, April 2nd. This represents a $0.28 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, March 16th.
Caleres has a dividend payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Caleres to earn $2.70 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 10.4%.
NYSE CAL opened at $34.78 on Friday. The firm has a market cap of $1,475.47, a P/E ratio of 16.10, a P/E/G ratio of 1.26 and a beta of 0.94. The company has a current ratio of 1.97, a quick ratio of 0.64 and a debt-to-equity ratio of 0.27. Caleres has a fifty-two week low of $22.39 and a fifty-two week high of $36.00.
CAL has been the topic of several analyst reports. Zacks Investment Research downgraded Caleres from a “hold” rating to a “sell” rating in a research report on Monday, March 12th. ValuEngine cut Caleres from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wedbush reissued an “outperform” rating and set a $35.00 price target on shares of Caleres in a report on Wednesday, March 14th. Susquehanna Bancshares reissued a “neutral” rating and set a $33.00 price target (up from $32.00) on shares of Caleres in a report on Tuesday, January 23rd. Finally, UBS cut Caleres from a “positive” rating to a “neutral” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Caleres presently has an average rating of “Buy” and an average price target of $35.20.
In other news, insider Daniel R. Freidman sold 2,000 shares of Caleres stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $31.81, for a total value of $63,620.00. Following the sale, the insider now directly owns 91,733 shares of the company’s stock, valued at $2,918,026.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel R. Freidman sold 10,000 shares of Caleres stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $28.45, for a total value of $284,500.00. Following the completion of the sale, the insider now directly owns 79,435 shares in the company, valued at $2,259,925.75. The disclosure for this sale can be found here. 6.20% of the stock is owned by company insiders.
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Caleres, Inc, a footwear company, retails and wholesales footwear. The company operates through Famous Footwear and Brand Portfolio segments. It offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children. The company operates retail shoe stores primarily under the Famous Footwear and Naturalizer names, which offer brand-name athletic, casual, and dress shoes, including company-owned and licensed brands, such as LifeStride, Dr.
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