Caleres (NYSE:CAL) Releases FY25 Earnings Guidance

Caleres (NYSE:CAL) updated its FY25 earnings guidance on Wednesday. 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 decreased their price objective 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 Up 3.3 %

Shares of CAL traded up $0.55 during trading hours on Wednesday, hitting $17.04. 811,995 shares of the company were exchanged, compared to its average volume of 680,362. The company has a market cap of $572.89 million, a price-to-earnings ratio of 3.79 and a beta of 1.92. Caleres has a fifty-two week low of $16.26 and a fifty-two week high of $44.51. The firm’s fifty day moving average is $20.88 and its 200 day moving average is $29.30.

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

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.64%. Caleres’s dividend payout ratio is currently 6.24%.

Insider Buying and Selling

In other news, Director Kyle Gendreau bought 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $99,650. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is owned by corporate insiders.

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.