Caleres (NYSE:CAL) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Caleres (NYSE:CAL) posted its quarterly earnings data 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 the consensus estimate of $645.79 million. During the same quarter in the previous year, the firm posted $0.86 EPS. The business’s revenue was down 8.3% compared to the same quarter last year. Caleres updated its Q1 2025 guidance to 0.350-0.400 EPS.

Caleres Price Performance

Shares of CAL stock traded up $0.03 during trading hours on Thursday, reaching $16.42. 150,677 shares of the company were exchanged, compared to its average volume of 626,974. Caleres has a fifty-two week low of $15.00 and a fifty-two week high of $44.51. The stock’s fifty day moving average is $17.78 and its two-hundred day moving average is $25.78. The company has a market cap of $552.19 million, a price-to-earnings ratio of 3.66 and a beta of 1.82.

Caleres Dividend Announcement

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

Analyst Ratings Changes

Separately, Loop Capital decreased their target price on shares of Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, December 6th.

Insider Transactions at Caleres

In other news, Director Kyle Gendreau bought 5,000 shares of the stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,650. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.80% of the stock is owned by company 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.