Caleres (CAL) to Release Earnings on Thursday

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

Caleres Stock Performance

Shares of NYSE:CAL opened at $16.39 on Tuesday. Caleres has a 52-week low of $15.00 and a 52-week high of $44.51. The company has a market capitalization of $551.31 million, a PE ratio of 3.65 and a beta of 1.82. The company has a fifty day moving average of $18.00 and a 200-day moving average of $26.03.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.71%. Caleres’s payout ratio is presently 6.24%.

Insider Buying and Selling at Caleres

In related news, Director Kyle Gendreau bought 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $19.93 per share, with a total value of $99,650.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $99,650. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Loop Capital cut their price target on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research note 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.