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.

Caleres Stock Performance

NYSE:CAL traded up $0.74 during mid-day trading on Wednesday, hitting $17.23. The stock had a trading volume of 443,491 shares, compared to its average volume of 667,984. The company’s 50 day simple moving average is $20.88 and its 200 day simple moving average is $29.30. Caleres has a twelve month low of $16.26 and a twelve month high of $44.51. The stock has a market cap of $579.44 million, a price-to-earnings ratio of 3.84 and a beta of 1.92.

Caleres (NYSE:CAL) last issued its quarterly 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). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $740.90 million during the quarter, compared to the consensus estimate of $751.35 million. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities analysts forecast that Caleres will post 3.23 earnings per share for the current year.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.63%. Caleres’s payout ratio is presently 6.24%.

Analysts Set New Price Targets

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

Insider Activity at Caleres

In other news, Director Kyle Gendreau acquired 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,650. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by company 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.