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

Caleres (NYSE:CAL - Get Free Report) posted its earnings results on Thursday. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06, Zacks reports. The company had revenue of $639.20 million for the quarter, compared to analysts' expectations of $645.79 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. Caleres's quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. 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 Up 6.7 %

Shares of NYSE:CAL traded up $1.10 on Monday, hitting $17.60. The company had a trading volume of 1,288,691 shares, compared to its average volume of 644,571. The firm's 50-day simple moving average is $17.53 and its two-hundred day simple moving average is $25.19. The firm has a market capitalization of $591.94 million, a price-to-earnings ratio of 3.92 and a beta of 1.82. Caleres has a 1 year low of $15.00 and a 1 year high of $44.51.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a $0.07 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 1.59%. Caleres's dividend payout ratio (DPR) is presently 9.12%.

Insider Activity at Caleres

In other news, Director Kyle Gendreau acquired 5,000 shares of the business'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 transaction, the director now owns 5,000 shares in the company, valued at $99,650. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 3.80% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

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

Caleres Company Profile

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.