Shoe Carnival (NASDAQ:SCVL) Releases Earnings Results, Hits Estimates

Shoe Carnival (NASDAQ:SCVL) released its quarterly earnings data on Thursday. The company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53, RTT News reports. Shoe Carnival had a return on equity of 9.65% and a net margin of 5.41%.The company had revenue of $297.16 million for the quarter, compared to the consensus estimate of $295.25 million. During the same period last year, the business posted $0.71 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Shoe Carnival updated its FY 2025 guidance to 1.800-2.100 EPS.

Shoe Carnival Price Performance

Shoe Carnival stock opened at $16.09 on Thursday. The company has a market cap of $440.54 million, a PE ratio of 6.87 and a beta of 1.35. Shoe Carnival has a 12 month low of $15.78 and a 12 month high of $36.94. The company has a fifty day moving average price of $19.87 and a two-hundred day moving average price of $20.25.

Shoe Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, October 6th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, October 6th. This represents a $0.60 annualized dividend and a yield of 3.7%. Shoe Carnival’s dividend payout ratio (DPR) is 26.43%.

Insider Buying and Selling at Shoe Carnival

In related news, Director Andrea R. Guthrie sold 2,477 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $20.20, for a total transaction of $50,035.40. Following the completion of the sale, the director owned 24,405 shares of the company’s stock, valued at $492,981. This represents a 9.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 35.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shoe Carnival

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its stake in Shoe Carnival by 8.5% during the 3rd quarter. Wasatch Advisors LP now owns 397,677 shares of the company’s stock valued at $8,268,000 after acquiring an additional 31,024 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of Shoe Carnival during the third quarter valued at $282,000. Nokomis Capital L.L.C. raised its stake in shares of Shoe Carnival by 13.0% during the third quarter. Nokomis Capital L.L.C. now owns 374,103 shares of the company’s stock valued at $7,778,000 after purchasing an additional 43,000 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Shoe Carnival by 90.7% in the third quarter. Citadel Advisors LLC now owns 89,509 shares of the company’s stock worth $1,861,000 after purchasing an additional 42,578 shares during the period. Finally, Creative Planning grew its position in Shoe Carnival by 51.0% in the 3rd quarter. Creative Planning now owns 34,034 shares of the company’s stock valued at $708,000 after buying an additional 11,492 shares in the last quarter. 66.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on SCVL. Seaport Res Ptn downgraded shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Zacks Research raised Shoe Carnival from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Shoe Carnival in a research note on Thursday, November 13th. Finally, Wall Street Zen raised Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Shoe Carnival presently has a consensus rating of “Moderate Buy”.

About Shoe Carnival

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.