Caleres (NYSE:CAL) Issues FY 2024 Earnings Guidance

Caleres (NYSE:CAL) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 3.200-3.300 for the period, compared to the consensus 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Loop Capital reduced their price objective on shares of Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, December 6th. StockNews.com cut shares of Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd.

Caleres Stock Performance

CAL opened at $20.17 on Friday. The business’s fifty day moving average is $25.35 and its two-hundred day moving average is $31.48. The company has a market cap of $678.18 million, a price-to-earnings ratio of 4.49 and a beta of 1.96. Caleres has a one year low of $19.21 and a one year high of $44.51.

Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business had revenue of $740.90 million during the quarter, compared to analysts’ expectations of $751.35 million. During the same quarter in the prior year, the firm earned $1.37 earnings per share. Caleres’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts predict that Caleres will post 3.24 EPS for the current fiscal year.

Caleres Dividend Announcement

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

Insider Activity at Caleres

In other news, Director Kyle Gendreau bought 5,000 shares of Caleres stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $99,650. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.80% of the stock is owned by corporate insiders.

About Caleres

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.