Caleres (NYSE:CAL) Issues Quarterly Earnings Results

Caleres (NYSE:CAL) announced 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. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company had revenue of $639.20 million for the quarter, compared to analysts’ expectations of $645.79 million. During the same quarter in the previous year, the company posted $0.86 EPS. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. Caleres updated its Q1 2025 guidance to 0.350-0.400 EPS and its FY 2025 guidance to 2.800-3.200 EPS.

Caleres Price Performance

Shares of NYSE:CAL opened at $16.56 on Friday. The firm has a market capitalization of $556.90 million, a PE ratio of 3.69 and a beta of 1.82. The firm’s 50-day moving average is $17.59 and its two-hundred day moving average is $25.54. Caleres has a 1 year low of $15.00 and a 1 year high of $44.51.

Caleres Dividend Announcement

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

Insider Transactions at Caleres

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $99,650. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Loop Capital lowered their target price 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.

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.