Caleres (NYSE:CAL) Issues FY 2024 Earnings Guidance

Caleres (NYSE:CAL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.000-4.150 for the period, compared to the consensus earnings per share estimate of 4.420. The company issued revenue guidance of -. Caleres also updated its FY25 guidance to $4.00-4.15 EPS.

Analyst Ratings Changes

CAL has been the topic of a number of recent research reports. Loop Capital cut shares of Caleres from a buy rating to a hold rating and set a $45.00 price objective on the stock. in a research note on Tuesday, September 3rd. StockNews.com downgraded Caleres from a buy rating to a hold rating in a report on Wednesday.

Caleres Stock Performance

CAL opened at $37.25 on Thursday. Caleres has a twelve month low of $24.71 and a twelve month high of $44.51. The firm’s fifty day moving average is $37.44 and its two-hundred day moving average is $36.95. The firm has a market cap of $1.31 billion, a PE ratio of 7.89 and a beta of 1.93.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, September 13th. Caleres’s dividend payout ratio (DPR) is presently 5.93%.

Insider Buying and Selling

In related news, insider Diane M. Sullivan sold 17,068 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the completion of the transaction, the insider now directly owns 150,449 shares of the company’s stock, valued at approximately $5,333,417.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Diane M. Sullivan sold 17,068 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $35.45, for a total transaction of $605,060.60. Following the completion of the transaction, the insider now directly owns 150,449 shares of the company’s stock, valued at $5,333,417.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $33.07, for a total value of $176,891.43. The disclosure for this sale can be found here. In the last three months, insiders sold 42,181 shares of company stock valued at $1,447,208. 3.80% of the stock is 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.