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

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

Caleres has a payout ratio of 7.3% indicating that 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 Stock Up 1.4 %

Shares of NYSE:CAL opened at $15.48 on Friday. The company has a 50-day moving average price of $18.11 and a two-hundred day moving average price of $26.45. Caleres has a twelve month low of $15.00 and a twelve month high of $44.51. The firm has a market capitalization of $520.71 million, a PE ratio of 3.45 and a beta of 1.82.

Insider Activity at Caleres

In related news, Director Kyle Gendreau bought 5,000 shares of the stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $99,650. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Loop Capital cut their price objective on shares of Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, December 6th.

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.