Caleres, Inc. (CAL) to Issue Quarterly Dividend of $0.07 on September 25th

Caleres, Inc. (NYSE:CAL) announced a quarterly dividend on Friday, August 28th. Investors of record on Friday, September 11th will be given a dividend of 0.07 per share by the textile maker on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, September 11th.

Caleres has a dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Caleres to earn $2.28 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 12.3%.

Caleres Stock Down 0.1%

Shares of CAL opened at $12.53 on Friday. The stock’s 50-day moving average price is $12.77 and its 200 day moving average price is $12.43. The firm has a market capitalization of $420.88 million, a price-to-earnings ratio of -1,251.75 and a beta of 0.76. Caleres has a 12-month low of $8.80 and a 12-month high of $16.14.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, June 4th. The textile maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $666.60 million during the quarter, compared to the consensus estimate of $662.63 million. Caleres had a return on equity of 7.33% and a net margin of 0.02%.The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. Equities research analysts expect that Caleres will post 1.63 EPS for the current year.

Institutional Trading of Caleres

Several hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its holdings in Caleres by 21.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,474,671 shares of the textile maker’s stock valued at $15,543,000 after purchasing an additional 262,576 shares in the last quarter. Invenomic Capital Management LP raised its position in Caleres by 18.4% in the 4th quarter. Invenomic Capital Management LP now owns 1,031,874 shares of the textile maker’s stock valued at $12,558,000 after purchasing an additional 160,274 shares during the last quarter. Landscape Capital Management L.L.C. raised its position in Caleres by 54.5% in the 4th quarter. Landscape Capital Management L.L.C. now owns 446,756 shares of the textile maker’s stock valued at $5,437,000 after purchasing an additional 157,625 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new position in Caleres in the second quarter worth $8,246,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Caleres in the second quarter worth $3,891,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Company Profile

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.