Caleres (NYSE:CAL) Releases FY 2025 Earnings Guidance

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

Caleres Price Performance

CAL opened at $13.40 on Thursday. The firm has a market capitalization of $453.29 million, a price-to-earnings ratio of 21.26 and a beta of 0.73. Caleres has a one year low of $9.54 and a one year high of $27.11. The business has a 50 day simple moving average of $12.02 and a two-hundred day simple moving average of $13.43.

Caleres (NYSE:CAL) last announced its earnings results on Tuesday, December 9th. The textile maker reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.37). The business had revenue of $790.05 million for the quarter, compared to the consensus estimate of $768.59 million. Caleres had a net margin of 0.78% and a return on equity of 8.62%. Caleres’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 EPS. Caleres has set its FY 2025 guidance at 0.550-0.60 EPS. As a group, sell-side analysts expect that Caleres will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Caleres

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