Caleres (NYSE:CAL) Releases FY 2024 Earnings Guidance

Caleres (NYSE:CAL) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 3.200-3.300 for the period, compared to the consensus EPS estimate of 3.730. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 billion.

Analyst Upgrades and Downgrades

Several research analysts have commented on CAL shares. Loop Capital dropped their price objective 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. StockNews.com lowered shares of Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

Caleres Stock Up 1.9 %

CAL opened at $20.15 on Friday. Caleres has a twelve month low of $19.21 and a twelve month high of $44.51. The company has a 50-day moving average price of $25.35 and a 200 day moving average price of $31.48. The company has a market cap of $677.62 million, a PE ratio of 4.49 and a beta of 1.96.

Caleres (NYSE:CAL) last announced its earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). The business had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $1.37 EPS. As a group, sell-side analysts expect that Caleres will post 3.24 earnings per share for the current year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.07 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.39%. Caleres’s dividend payout ratio (DPR) is presently 6.24%.

Insiders Place Their Bets

In other news, Director Kyle Gendreau purchased 5,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,650. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is currently 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.