Caleres, Inc. (NYSE:CAL) to Issue Quarterly Dividend of $0.07

Key Points

• Caleres declared a quarterly dividend of $0.07 per share, payable September 25 to shareholders of record on September 11. The dividend implies an annualized yield of approximately 2.2% and an annual payout of $0.28 per share.
• The dividend appears well covered, with an 8.2% payout ratio; analysts expect next year’s earnings of $2.28 per share, implying a projected payout ratio of 12.3%.
• Caleres slightly exceeded quarterly earnings expectations, reporting $0.38 EPS versus the $0.37 consensus and revenue of $666.6 million. Shares recently traded at $12.53, while institutional investors own 98.44% of the company.

Caleres, Inc. (NYSE:CAL - Get Free Report) announced a quarterly dividend on Friday, August 28th. Stockholders 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) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, September 11th.

Caleres has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.1%

Shares of Caleres stock traded down $0.01 during trading on Friday, reaching $12.53. The company's stock had a trading volume of 388,822 shares, compared to its average volume of 609,804. The company has a 50-day moving average price of $12.78 and a two-hundred day moving average price of $12.43. The firm has a market cap of $420.88 million, a PE ratio of -1,251.75 and a beta of 0.76. Caleres has a fifty-two week low of $8.80 and a fifty-two week high of $16.14.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The textile maker reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $666.60 million during the quarter, compared to analysts' expectations of $662.63 million. Caleres had a net margin of 0.02% and a return on equity of 7.33%. Caleres's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, analysts predict that Caleres will post 1.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Corient Private Wealth LP grew its stake in Caleres by 10.6% during the 2nd quarter. Corient Private Wealth LP now owns 24,821 shares of the textile maker's stock worth $307,000 after buying an additional 2,379 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Caleres by 217.6% in the 2nd quarter. California State Teachers Retirement System now owns 5,678 shares of the textile maker's stock worth $70,000 after purchasing an additional 3,890 shares during the last quarter. Penn Capital Management Company LLC bought a new position in shares of Caleres in the second quarter valued at $812,000. Hsbc Holdings PLC lifted its holdings in shares of Caleres by 436.9% during the second quarter. Hsbc Holdings PLC now owns 73,903 shares of the textile maker's stock valued at $916,000 after purchasing an additional 60,137 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Caleres in the second quarter worth about $1,882,000. Institutional investors 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.

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