Zacks Research Downgrades Shoe Carnival (NASDAQ:SHOE) to Strong Sell

Shoe Carnival (NASDAQ:SHOE) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

SHOE has been the topic of several other research reports. Wall Street Zen downgraded shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c-)” rating on shares of Shoe Carnival in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Shoe Carnival has an average rating of “Hold” and an average target price of $22.00.

Shoe Carnival Trading Up 2.8%

SHOE opened at $13.27 on Monday. The stock has a market cap of $360.68 million, a price-to-earnings ratio of 15.08 and a beta of 1.40. The stock has a 50-day moving average of $14.74. Shoe Carnival has a 1 year low of $10.20 and a 1 year high of $24.10.

Shoe Carnival (NASDAQ:SHOE) last announced its quarterly earnings data on Thursday, September 10th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.11). The firm had revenue of $284.31 million for the quarter, compared to analysts’ expectations of $299.19 million. Shoe Carnival had a net margin of 2.20% and a return on equity of 5.32%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. As a group, equities analysts anticipate that Shoe Carnival will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Shoe Carnival

Several large investors have recently bought and sold shares of the business. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Shoe Carnival in the second quarter worth approximately $152,000. Integrated Wealth Concepts LLC bought a new stake in Shoe Carnival in the 2nd quarter worth approximately $46,000. Corient Private Wealth LP purchased a new stake in Shoe Carnival during the 2nd quarter valued at $292,000. AXQ Capital LP purchased a new stake in Shoe Carnival during the 2nd quarter valued at $394,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Shoe Carnival during the 2nd quarter valued at $506,000. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Company Profile

Shoe Carnival, Inc is a family footwear retailer that sells shoes, sandals, boots, athletic footwear, accessories and related products for women, men and children. Its merchandise assortment includes national brands as well as private-label products, with offerings spanning casual, dress, work and athletic categories.

The company operates through a network of retail stores and an e-commerce platform, serving customers primarily in the United States. Shoe Carnival emphasizes value-oriented pricing, frequent promotions and an in-store shopping experience designed to appeal to families and budget-conscious consumers.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded through organic growth and acquisitions, including its purchase of Shoe Station.