Caleres (NYSE:CAL) Issues FY25 Earnings Guidance

Caleres (NYSE:CAL - Get Free Report) 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 dropped their price target on shares of Caleres from $30.00 to $25.00 and set a "hold" rating for the company in a research note on Friday, December 6th.

Caleres Stock Performance

Shares of Caleres stock traded down $0.56 during trading hours on Friday, hitting $16.25. The company's stock had a trading volume of 894,167 shares, compared to its average volume of 684,652. The stock has a market cap of $546.59 million, a price-to-earnings ratio of 3.62 and a beta of 1.92. Caleres has a twelve month low of $16.09 and a twelve month high of $44.51. The firm has a fifty day moving average of $20.16 and a 200-day moving average of $28.86.

Caleres (NYSE:CAL - Get Free Report) last posted 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 company had revenue of $740.90 million during the quarter, compared to analyst estimates of $751.35 million. During the same period in the previous year, the company earned $1.37 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts expect that Caleres will post 3.23 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.72%. Caleres's payout ratio is currently 6.24%.

Insider Buying and Selling at Caleres

In other news, Director Kyle Gendreau purchased 5,000 shares of the stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $99,650. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is owned by corporate insiders.

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.