Equities Analysts Offer Predictions for Caleres, Inc.’s FY2025 Earnings (NYSE:CAL)

Caleres, Inc. (NYSE:CAL) – Seaport Res Ptn lowered their FY2025 earnings per share estimates for Caleres in a research report issued on Tuesday, November 14th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will post earnings of $4.24 per share for the year, down from their previous estimate of $4.56. The consensus estimate for Caleres’ current full-year earnings is $4.08 per share. Seaport Res Ptn also issued estimates for Caleres’ FY2026 earnings at $4.64 EPS.

Separately, StockNews.com started coverage on Caleres in a research report on Thursday, October 5th. They issued a “buy” rating for the company.

Caleres Trading Up 5.6 %

Shares of NYSE:CAL opened at $27.43 on Friday. Caleres has a 12-month low of $16.85 and a 12-month high of $29.98. The business’s fifty day simple moving average is $26.94 and its 200-day simple moving average is $25.31. The company has a market capitalization of $974.68 million, a PE ratio of 6.63 and a beta of 1.86.

Caleres (NYSE:CAL) last issued its quarterly earnings results on Thursday, August 31st. The textile maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.10. The firm had revenue of $695.50 million for the quarter, compared to the consensus estimate of $704.85 million. Caleres had a return on equity of 30.93% and a net margin of 5.23%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 earnings per share.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.02%. Caleres’s payout ratio is currently 6.78%.

Insider Buying and Selling at Caleres

In related news, SVP Douglas Koch sold 12,350 shares of Caleres stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $27.93, for a total value of $344,935.50. Following the completion of the transaction, the senior vice president now owns 62,649 shares in the company, valued at approximately $1,749,786.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Caleres news, insider Diane M. Sullivan sold 14,707 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $27.13, for a total transaction of $399,000.91. Following the completion of the sale, the insider now directly owns 637,926 shares in the company, valued at approximately $17,306,932.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Douglas Koch sold 12,350 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $27.93, for a total value of $344,935.50. Following the sale, the senior vice president now owns 62,649 shares of the company’s stock, valued at $1,749,786.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,643 shares of company stock worth $2,383,329. Insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Caleres

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Caleres by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 445,331 shares of the textile maker’s stock worth $8,608,000 after purchasing an additional 3,167 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Caleres by 6.3% during the 1st quarter. Citigroup Inc. now owns 36,560 shares of the textile maker’s stock worth $706,000 after purchasing an additional 2,172 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Caleres during the 1st quarter worth approximately $535,000. MetLife Investment Management LLC lifted its holdings in Caleres by 53.3% in the first quarter. MetLife Investment Management LLC now owns 20,589 shares of the textile maker’s stock valued at $398,000 after acquiring an additional 7,161 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in Caleres by 6.9% in the first quarter. Panagora Asset Management Inc. now owns 42,925 shares of the textile maker’s stock valued at $830,000 after acquiring an additional 2,776 shares during the last quarter. 88.44% of the stock is currently owned by hedge funds and other institutional investors.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, Eastern 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.