Caleres (NYSE:CAL) Issues Earnings Results, Beats Expectations By $0.06 EPS

Caleres (NYSE:CAL) posted its quarterly earnings data on Thursday. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06, Zacks reports. The business had revenue of $639.20 million for the quarter, compared to the consensus estimate of $645.79 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Caleres updated its Q1 2025 guidance to 0.350-0.400 EPS.

Caleres Stock Performance

NYSE CAL opened at $17.10 on Thursday. The firm has a 50 day simple moving average of $17.78 and a 200-day simple moving average of $25.78. Caleres has a one year low of $15.00 and a one year high of $44.51. The firm has a market cap of $575.06 million, a price-to-earnings ratio of 3.81 and a beta of 1.82.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, March 27th. Caleres’s payout ratio is 6.24%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director Kyle Gendreau purchased 5,000 shares of the firm’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 completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $99,650. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.80% of the stock is owned by 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.