Caleres (NYSE:CAL) Releases 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.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Loop Capital lowered shares of Caleres from a buy rating to a hold rating and set a $45.00 target price on the stock. in a report on Tuesday, September 3rd. StockNews.com lowered shares of Caleres from a buy rating to a hold rating in a research report on Wednesday.

Caleres Stock Performance

Shares of CAL stock opened at $37.25 on Thursday. The company has a market capitalization of $1.31 billion, a P/E ratio of 7.89 and a beta of 1.93. Caleres has a fifty-two week low of $24.71 and a fifty-two week high of $44.51. The stock has a 50 day moving average price of $37.44 and a two-hundred day moving average price of $36.95.

Caleres Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.28 dividend on an annualized basis and a yield of 0.75%. Caleres’s dividend payout ratio is currently 5.93%.

Insider Buying and Selling at Caleres

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