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.

Wall Street Analyst Weigh In

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

Caleres Trading Down 0.9 %

NYSE:CAL traded down $0.16 during trading hours on Thursday, hitting $16.86. The company had a trading volume of 40,079 shares, compared to its average volume of 660,388. Caleres has a 1 year low of $16.26 and a 1 year high of $44.51. The company has a market cap of $567.00 million, a P/E ratio of 3.75 and a beta of 1.92. The company has a 50-day moving average of $20.49 and a 200 day moving average of $29.08.

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

Caleres Dividend Announcement

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

Insider Transactions at Caleres

In related news, Director Kyle Gendreau bought 5,000 shares of the stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $99,650. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

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.