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

Caleres (NYSE:CAL) issued its quarterly earnings data on Thursday. The textile maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06, Zacks reports. The business had revenue of $639.20 million for the quarter, compared to analysts’ expectations of $645.79 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. Caleres updated its Q1 2025 guidance to 0.350-0.400 EPS and its FY 2025 guidance to 2.800-3.200 EPS.

Caleres Stock Performance

Caleres stock opened at $16.56 on Friday. The company’s fifty day moving average price is $17.59 and its 200 day moving average price is $25.54. Caleres has a 1 year low of $15.00 and a 1 year high of $44.51. The stock has a market capitalization of $556.90 million, a P/E ratio of 3.69 and a beta of 1.82.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be paid a $0.07 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.69%. Caleres’s dividend payout ratio is currently 9.12%.

Wall Street Analyst Weigh In

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

Insider Activity at Caleres

In related news, Director Kyle Gendreau purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price of $19.93 per share, with a total value of $99,650.00. Following the purchase, the director now 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 Securities & Exchange Commission, which is available through this hyperlink. 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.