From MarketBeat:

Caleres Inc. updated its FY24 earnings guidance, with earnings of $4.10-4.20 per share and $2.80-2.83 billion in revenue. StockNews.com recommended buying Caleres, while Piper Sandler raised the price target to $30.00 and rated the company as neutral.

In Q4, Caleres stock reached $30.14, trading 347,949 shares with a market cap of $1.07 billion, holding a P/E ratio of 6.75 and a beta of 1.92. It has a 50-day moving average price of $28.91 and a 200-day moving average price of $27.34.

Caleres recently reported record quarterly earnings of $1.37 per share, exceeding analyst estimates by $0.07. Furthermore, a dividend of $0.07 per share was paid on January 5th, with a 6.41% quarterly dividend payout ratio.

Various company insiders have engaged in stock sales recently, selling a total of 100,660 shares. Furthermore, institutional stakeholders have seen recent changes with stakes ranging from 1%-108,172.2%.

Caleres operates in the retail and wholesale footwear business, offering licensed, branded, and private-label athletic, casual, and dress footwear products. The company is split into Famous Footwear and Brand Portfolio segments.



Read more: Caleres (NYSE:CAL) Issues FY24 Earnings Guidance