Shoe Carnival (NASDAQ:SHOE) Releases Earnings Results, Misses Estimates By $0.10 EPS

Shoe Carnival (NASDAQ:SHOE) released its earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10), FiscalAI reports. Shoe Carnival had a return on equity of 7.24% and a net margin of 3.31%.The firm had revenue of $284.31 million for the quarter, compared to the consensus estimate of $297.63 million. Shoe Carnival updated its FY 2026 guidance to 0.750-0.900 EPS.

Shoe Carnival Price Performance

NASDAQ:SHOE opened at $12.93 on Thursday. The company’s 50-day simple moving average is $14.91. Shoe Carnival has a fifty-two week low of $12.63 and a fifty-two week high of $24.21. The company has a market cap of $351.05 million, a PE ratio of 9.58 and a beta of 1.40.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SHOE. Royal Bank of Canada lifted its stake in Shoe Carnival by 13.0% in the first quarter. Royal Bank of Canada now owns 80,923 shares of the company’s stock valued at $1,779,000 after buying an additional 9,298 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Shoe Carnival by 367.2% during the first quarter. AQR Capital Management LLC now owns 52,303 shares of the company’s stock worth $1,150,000 after acquiring an additional 41,108 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Shoe Carnival by 215.9% during the first quarter. Millennium Management LLC now owns 321,764 shares of the company’s stock worth $7,076,000 after acquiring an additional 219,918 shares during the period. Empowered Funds LLC raised its holdings in shares of Shoe Carnival by 3.0% during the first quarter. Empowered Funds LLC now owns 140,151 shares of the company’s stock worth $3,082,000 after acquiring an additional 4,108 shares during the period. Finally, Legal & General Group Plc lifted its position in Shoe Carnival by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 46,758 shares of the company’s stock valued at $875,000 after acquiring an additional 1,998 shares in the last quarter. Institutional investors own 66.05% of the company’s stock.

Analysts Set New Price Targets

SHOE has been the subject of several recent research reports. Zacks Research cut Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings initiated coverage on shares of Shoe Carnival in a research report on Monday, June 15th. They set a “hold (c-)” rating for the company. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Shoe Carnival presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Shoe Carnival Company Profile

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.