Caleres (NYSE:CAL) Announces Quarterly Earnings Results

Caleres (NYSE:CAL) issued its earnings results on Thursday. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06, Zacks reports. The firm had revenue of $639.20 million during the quarter, compared to the consensus estimate of $645.79 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Caleres updated its Q1 2025 guidance to 0.350-0.400 EPS.

Caleres Stock Up 0.2 %

Shares of CAL traded up $0.03 during trading hours on Thursday, hitting $16.42. The company had a trading volume of 150,677 shares, compared to its average volume of 626,974. The firm has a market cap of $552.19 million, a price-to-earnings ratio of 3.66 and a beta of 1.82. The business has a fifty day moving average of $17.78 and a 200-day moving average of $25.78. Caleres has a 12 month low of $15.00 and a 12 month high of $44.51.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Thursday, March 27th. Caleres’s payout ratio is presently 6.24%.

Wall Street Analysts Forecast Growth

Separately, Loop Capital cut their price target 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.

Insider Activity

In other Caleres news, Director Kyle Gendreau purchased 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $99,650. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.