Caleres, Inc. (CAL) To Go Ex-Dividend on March 26th

Caleres, Inc. (NYSE:CAL) announced a quarterly dividend on Monday, March 16th. Stockholders of record on Thursday, March 26th will be given a dividend of 0.07 per share by the textile maker on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, March 26th.

Caleres has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. 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 Caleres stock opened at $9.26 on Wednesday. Caleres has a 1 year low of $9.09 and a 1 year high of $18.27. The firm’s 50-day simple moving average is $12.17 and its 200-day simple moving average is $12.63. The firm has a market cap of $313.91 million, a PE ratio of 14.70 and a beta of 0.64.

Hedge Funds Weigh In On Caleres

Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in Caleres by 56,997.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,836,841 shares of the textile maker’s stock valued at $22,354,000 after purchasing an additional 1,833,624 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Caleres by 120.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,072,550 shares of the textile maker’s stock valued at $13,986,000 after purchasing an additional 586,020 shares during the period. Federated Hermes Inc. increased its stake in shares of Caleres by 86.3% in the fourth quarter. Federated Hermes Inc. now owns 937,391 shares of the textile maker’s stock valued at $11,408,000 after purchasing an additional 434,269 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Caleres during the fourth quarter valued at approximately $4,338,000. Finally, Paradigm Capital Management Inc. NY raised its holdings in shares of Caleres by 39.1% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 911,599 shares of the textile maker’s stock valued at $11,094,000 after buying an additional 256,155 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

About Caleres

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.