Caleres (CAL) to Release Quarterly Earnings on Thursday

Caleres (NYSE:CAL) is set to announce its earnings results before the market opens on Thursday, September 12th. Analysts expect the company to announce earnings of $1.21 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Caleres Price Performance

NYSE CAL opened at $37.72 on Tuesday. Caleres has a 12 month low of $24.71 and a 12 month high of $44.51. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 8.04 and a beta of 1.93. The company’s fifty day moving average price is $37.24 and its two-hundred day moving average price is $36.92.

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.74%. Caleres’s payout ratio is currently 5.93%.

Insider Transactions at Caleres

In related news, insider Diane M. Sullivan sold 17,068 shares of Caleres stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the sale, the insider now directly owns 150,449 shares in the company, valued at approximately $5,333,417.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Caleres news, insider Diane M. Sullivan sold 17,068 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.45, for a total transaction of $605,060.60. Following the transaction, the insider now owns 150,449 shares of the company’s stock, valued at approximately $5,333,417.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Diane M. Sullivan sold 19,764 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $33.66, for a total transaction of $665,256.24. Following the transaction, the insider now directly owns 173,816 shares in the company, valued at approximately $5,850,646.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,181 shares of company stock worth $1,447,208. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Loop Capital downgraded shares of Caleres from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a research report on Tuesday, September 3rd. StockNews.com downgraded shares of Caleres from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st.

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.