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

Caleres, Inc. (NYSE:CAL) declared a quarterly dividend on Friday, December 12th. Stockholders of record on Friday, December 26th will be given a dividend of 0.07 per share by the textile maker on Friday, January 9th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, December 26th.

Caleres has a dividend payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of NYSE CAL traded down $0.28 during trading on Friday, reaching $13.25. The stock had a trading volume of 562,229 shares, compared to its average volume of 964,807. The company has a market cap of $448.24 million, a P/E ratio of 21.03 and a beta of 0.73. Caleres has a fifty-two week low of $9.54 and a fifty-two week high of $25.11. The business’s 50-day moving average price is $12.02 and its 200-day moving average price is $13.43.

Caleres (NYSE:CAL) last announced its earnings results on Tuesday, December 9th. The textile maker reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The firm had revenue of $790.05 million for the quarter, compared to analysts’ expectations of $768.59 million. Caleres had a net margin of 0.78% and a return on equity of 8.62%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 earnings per share. Caleres has set its FY 2025 guidance at 0.550-0.60 EPS. Analysts forecast that Caleres will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CAL shares. Zacks Research raised shares of Caleres from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Caleres in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Caleres currently has an average rating of “Reduce” and a consensus price target of $14.00.

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.