Caleres (NYSE:CAL) Updates FY25 Earnings Guidance

Caleres (NYSE:CAL) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.00-4.15 for the period, compared to the consensus earnings per share estimate of $4.40. The company issued revenue guidance of down low-single-digits, compared to the consensus revenue estimate of $2.85 billion. Caleres also updated its FY 2024 guidance to 4.000-4.150 EPS.

Caleres Stock Up 5.2 %

Shares of CAL opened at $31.81 on Friday. The company has a 50-day simple moving average of $37.48 and a 200-day simple moving average of $36.87. Caleres has a 52-week low of $24.71 and a 52-week high of $44.51. The company has a market capitalization of $1.12 billion, a PE ratio of 6.74 and a beta of 1.93.

Caleres (NYSE:CAL) last posted its earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.37). Caleres had a net margin of 5.97% and a return on equity of 27.32%. The business had revenue of $683.30 million for the quarter, compared to analysts’ expectations of $723.80 million. During the same quarter last year, the business posted $0.98 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. On average, research analysts anticipate that Caleres will post 4.4 EPS for the current year.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, September 13th. This represents a $0.28 annualized dividend and a yield of 0.88%. Caleres’s dividend payout ratio (DPR) is currently 5.93%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CAL. StockNews.com cut shares of Caleres from a buy rating to a hold rating in a research note on Wednesday. Loop Capital decreased their target price on shares of Caleres from $45.00 to $30.00 and set a hold rating on the stock in a research report on Friday.

Insider Buying and Selling

In related news, insider Diane M. Sullivan sold 17,068 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the sale, the insider now directly owns 150,449 shares of the company’s stock, valued at $5,333,417.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $33.07, for a total transaction of $176,891.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Diane M. Sullivan sold 17,068 shares of Caleres stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total transaction of $605,060.60. Following the sale, the insider now owns 150,449 shares in the company, valued at approximately $5,333,417.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,181 shares of company stock valued at $1,447,208. Insiders own 3.80% of the company’s stock.

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.