Caleres (NYSE:CAL) Issues Q3 Earnings Guidance

Caleres (NYSE:CAL) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.30-1.40 for the period, compared to the consensus EPS estimate of $1.49. The company issued revenue guidance of flat to down 2%, compared to the consensus revenue estimate of $766.21 million. Caleres also updated its FY 2024 guidance to 4.000-4.150 EPS.

Caleres Trading Up 0.5 %

Shares of NYSE:CAL opened at $37.25 on Thursday. The firm’s 50 day moving average is $37.44 and its two-hundred day moving average is $36.95. The firm has a market capitalization of $1.31 billion, a P/E ratio of 7.89 and a beta of 1.93. Caleres has a 52 week low of $24.71 and a 52 week high of $44.51.

Caleres Announces Dividend

The business 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 $0.07 dividend. 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%.

Analyst Ratings Changes

Several equities research analysts have commented on CAL shares. StockNews.com cut shares of Caleres from a buy rating to a hold rating in a research report on Wednesday. Loop Capital downgraded shares of Caleres from a buy rating to a hold rating and set a $45.00 target price on the stock. in a report on Tuesday, September 3rd.

Insiders Place Their Bets

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