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

by · The Cerbat Gem

Caleres, Inc. (NYSE:CAL – Get Free Report) declared a quarterly dividend on Friday, December 12th. Stockholders of record on Friday, December 26th will be paid 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 of this dividend is Friday, December 26th.

Caleres has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 CAL stock traded down $0.28 during midday trading on Friday, hitting $13.25. 1,104,883 shares of the company were exchanged, compared to its average volume of 1,171,678. The firm has a market capitalization of $448.24 million, a P/E ratio of 21.03 and a beta of 0.73. Caleres has a 52 week low of $9.54 and a 52 week high of $25.11. The firm’s 50 day moving average price is $12.00 and its two-hundred day moving average price is $13.41.

Caleres (NYSE:CAL – Get Free Report) last issued its quarterly earnings data on Tuesday, December 9th. The textile maker reported $0.67 earnings per share (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 the consensus estimate of $768.59 million. Caleres had a return on equity of 8.62% and a net margin of 0.78%.The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. Caleres has set its FY 2025 guidance at 0.550-0.60 EPS. Analysts expect that Caleres will post 3.23 EPS for the current year.

Institutional Trading of Caleres

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Caleres by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 12,363 shares of the textile maker’s stock worth $151,000 after purchasing an additional 693 shares during the period. SummerHaven Investment Management LLC raised its position in Caleres by 3.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 25,474 shares of the textile maker’s stock worth $311,000 after purchasing an additional 905 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Caleres by 15.3% in the 2nd quarter. GAMMA Investing LLC now owns 6,903 shares of the textile maker’s stock valued at $84,000 after buying an additional 915 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Caleres by 5.6% in the second quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock valued at $231,000 after buying an additional 1,007 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Caleres by 33.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,424 shares of the textile maker’s stock worth $93,000 after acquiring an additional 1,359 shares during the period. Institutional investors own 98.44% of the company’s stock.

About Caleres

(Get Free Report)

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.

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