Caleres, Inc. (CAL) To Go Ex-Dividend on June 11th

Caleres, Inc. (NYSE:CAL) declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Thursday, June 11th will be given a dividend of 0.07 per share by the textile maker on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, June 11th.

Caleres has a dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Caleres to earn $2.11 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 13.3%.

Caleres Stock Down 1.0%

CAL stock opened at $14.52 on Friday. The business’s fifty day moving average is $12.37 and its 200-day moving average is $12.24. The company has a market cap of $489.90 million, a P/E ratio of -66.00 and a beta of 0.71. Caleres has a twelve month low of $8.80 and a twelve month high of $16.14.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, March 19th. The textile maker reported ($0.36) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.04. The business had revenue of $695.06 million for the quarter, compared to the consensus estimate of $688.43 million. Caleres had a positive return on equity of 6.49% and a negative net margin of 0.24%.The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. Research analysts anticipate that Caleres will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CAL has been the topic of several research analyst reports. Zacks Research raised Caleres from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Weiss Ratings raised Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Seaport Research Partners raised their price objective on Caleres from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Caleres Company Profile

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.