Caleres (CAL) Projected to Post Quarterly Earnings on Thursday

Caleres (NYSE:CAL) is projected to release its earnings data before the market opens on Thursday, March 20th. Analysts expect Caleres to post earnings of $0.27 per share and revenue of $645.79 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Caleres Trading Down 0.8 %

NYSE CAL opened at $16.24 on Wednesday. The business’s 50-day moving average price is $17.88 and its 200 day moving average price is $25.85. Caleres has a twelve month low of $15.00 and a twelve month high of $44.51. The company has a market capitalization of $545.97 million, a PE ratio of 3.62 and a beta of 1.82.

Caleres Announces Dividend

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Kyle Gendreau purchased 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $19.93 per share, for a total transaction 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. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.80% of the stock is currently owned by insiders.

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.