Caleres (NYSE:CAL) Issues FY 2025 Earnings Guidance

Caleres (NYSE:CAL) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.550-0.60 for the period, compared to the consensus estimate of 1.650. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Caleres from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $14.00.

Caleres Stock Down 5.6%

Shares of NYSE CAL opened at $12.74 on Wednesday. The firm has a market cap of $430.95 million, a P/E ratio of 7.28 and a beta of 0.73. Caleres has a twelve month low of $9.54 and a twelve month high of $27.41. The company has a 50 day moving average of $12.02 and a 200 day moving average of $13.43.

Caleres (NYSE:CAL) last posted its earnings results on Tuesday, December 9th. The textile maker reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The business had revenue of $790.05 million during the quarter, compared to the consensus estimate of $768.59 million. Caleres had a return on equity of 11.91% and a net margin of 2.26%.The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 EPS. Caleres has set its FY 2025 guidance at 0.550-0.60 EPS. As a group, equities analysts expect that Caleres will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Caleres

Several hedge funds and other institutional investors have recently made changes to their positions in CAL. Osaic Holdings Inc. boosted its stake in shares of Caleres by 1,662.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,879 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Caleres in the second quarter valued at $136,000. Entropy Technologies LP bought a new position in Caleres in the 3rd quarter valued at $150,000. The Manufacturers Life Insurance Company raised its stake in shares of Caleres by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 12,363 shares of the textile maker’s stock valued at $151,000 after acquiring an additional 693 shares in the last quarter. Finally, Prelude Capital Management LLC bought a new position in Caleres during the 3rd quarter worth about $168,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

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.