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.

Wall Street Analyst Weigh In

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

Caleres Stock Down 2.2 %

Shares of NYSE:CAL traded down $0.38 on Friday, hitting $16.44. 44,212 shares of the company traded hands, compared to its average volume of 658,931. Caleres has a 52 week low of $16.26 and a 52 week high of $44.51. The stock has a 50 day simple moving average of $20.33 and a 200-day simple moving average of $28.99. The company has a market cap of $552.71 million, a PE ratio of 3.66 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 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 for the quarter, compared to the consensus estimate of $751.35 million. During the same quarter in the previous year, the business earned $1.37 earnings per share. Caleres’s revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caleres will post 3.23 earnings per share 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 1.70%. Caleres’s dividend payout ratio (DPR) is presently 6.24%.

Insiders Place Their Bets

In other news, Director Kyle Gendreau bought 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were acquired at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,650. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.