Caleres (NYSE:CAL) Updates FY25 Earnings Guidance

Caleres (NYSE:CAL) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.20-3.30 for the period, compared to the consensus estimate of $3.23.

Analyst Upgrades and Downgrades

Separately, Loop Capital dropped their price target on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, December 6th.

Caleres Stock Down 0.9 %

NYSE:CAL traded down $0.16 during midday trading on Thursday, hitting $16.86. The company had a trading volume of 40,079 shares, compared to its average volume of 660,388. The stock’s fifty day moving average price is $20.49 and its 200-day moving average price is $29.08. Caleres has a 52-week low of $16.26 and a 52-week high of $44.51. The company has a market capitalization of $567.00 million, a PE ratio of 3.75 and a beta of 1.92.

Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.15). The business had revenue of $740.90 million during the quarter, compared to analysts’ expectations of $751.35 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 EPS. As a group, research analysts forecast that Caleres will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.07 per share. The ex-dividend date was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.66%. Caleres’s payout ratio is 6.24%.

Insider Buying and Selling

In other Caleres news, Director Kyle Gendreau acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $99,650. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is currently owned by company insiders.

Caleres Company Profile

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.