Caleres (CAL) to Release Quarterly Earnings on Thursday

Caleres (NYSE:CAL) is expected to be posting its quarterly earnings results 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Caleres Price Performance

Caleres stock opened at $16.39 on Tuesday. The stock’s fifty day moving average price is $18.00 and its two-hundred day moving average price is $26.03. The firm has a market cap of $551.31 million, a PE ratio of 3.65 and a beta of 1.82. Caleres has a one year low of $15.00 and a one year high of $44.51.

Caleres Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Caleres

In other Caleres news, Director Kyle Gendreau acquired 5,000 shares of Caleres stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $19.93 per share, with a total value 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. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.80% of the company’s stock.

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.