Traders Purchase Large Volume of Put Options on Shoe Carnival (NASDAQ:SHOE)

Shoe Carnival, Inc. (NASDAQ:SHOE) saw unusually large options trading activity on Friday. Investors acquired 5,887 put options on the company. This represents an increase of 342% compared to the average daily volume of 1,333 put options.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Zacks Research lowered Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Weiss Ratings started coverage on Shoe Carnival in a report on Monday, June 15th. They issued a “hold (c-)” rating on the stock. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Shoe Carnival Stock Up 2.8%

Shares of NASDAQ:SHOE traded up $0.34 during trading on Friday, reaching $12.62. The company’s stock had a trading volume of 390,181 shares, compared to its average volume of 565,395. The stock has a market cap of $342.61 million, a PE ratio of 9.30 and a beta of 1.40. Shoe Carnival has a 12 month low of $10.20 and a 12 month high of $24.10. The company’s 50 day moving average price is $14.86.

Shoe Carnival (NASDAQ:SHOE) last announced its earnings results on Thursday, September 10th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). The company had revenue of $284.31 million during the quarter, compared to analysts’ expectations of $299.19 million. Shoe Carnival had a return on equity of 7.24% and a net margin of 3.31%.Shoe Carnival’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. On average, equities analysts predict that Shoe Carnival will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Shoe Carnival

A number of hedge funds have recently added to or reduced their stakes in SHOE. Global Retirement Partners LLC bought a new position in Shoe Carnival in the fourth quarter worth approximately $28,000. Huntington National Bank grew its stake in Shoe Carnival by 45.5% in the fourth quarter. Huntington National Bank now owns 2,169 shares of the company’s stock valued at $37,000 after purchasing an additional 678 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Shoe Carnival during the 4th quarter worth approximately $44,000. Integrated Wealth Concepts LLC acquired a new position in shares of Shoe Carnival during the second quarter worth $46,000. Finally, Legal & General Group Plc acquired a new position in Shoe Carnival during the 2nd quarter valued at about $56,000. 66.05% of the stock is currently owned by institutional investors.

Key Headlines Impacting Shoe Carnival

Here are the key news stories impacting Shoe Carnival this week:

• Positive Sentiment: Shoe Carnival maintained fiscal 2026 EPS guidance of $0.75 to $0.90, providing some support for the shares despite the quarterly miss. Shoe Carnival fiscal 2026 results and guidance
• Neutral Sentiment: Reported short interest was listed at zero shares, implying no measurable short-selling pressure or potential short-covering catalyst in the latest data.
• Negative Sentiment: Quarterly EPS was $0.23, below consensus estimates of approximately $0.32-$0.34 and sharply lower than $0.70 a year earlier. Shoe Carnival quarterly earnings report
• Negative Sentiment: Revenue declined 7.2% year over year to $284.31 million, missing analyst expectations of roughly $297.6 million to $299.2 million. The combination of weaker sales and lower profitability raises concerns about consumer demand and promotional activity.
• Negative Sentiment: With a net margin of only 3.31% and return on equity of 7.24%, the results point to limited earnings visibility. The earnings miss reinforces investor concerns about margin pressure and the company’s ability to reach its full-year target.

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.