Shoe Carnival (NASDAQ:SHOE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Shoe Carnival (NASDAQ:SHOE) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

A number of other research analysts also recently weighed in on the company. Zacks Research downgraded Shoe Carnival from a “hold” rating to a “strong sell” rating in a research note on Monday, September 14th. Weiss Ratings upgraded shares of Shoe Carnival from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.00.

Shoe Carnival Trading Up 0.3%

Shares of NASDAQ:SHOE opened at $14.70 on Friday. The firm has a market capitalization of $399.55 million, a price-to-earnings ratio of 16.70 and a beta of 1.37. The stock’s fifty day moving average is $13.48. Shoe Carnival has a 12 month low of $10.20 and a 12 month high of $21.61.

Shoe Carnival (NASDAQ:SHOE) last posted its quarterly earnings data on Thursday, September 10th. The company reported $0.23 earnings per share 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 analyst estimates of $299.19 million. Shoe Carnival had a return on equity of 5.32% and a net margin of 2.20%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 earnings per share. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Equities analysts predict that Shoe Carnival will post 0.85 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, October 6th. Shoe Carnival’s payout ratio is 77.27%.

Hedge Funds Weigh In On Shoe Carnival

Several institutional investors and hedge funds have recently modified their holdings of SHOE. BlackRock Inc. bought a new stake in shares of Shoe Carnival during the 2nd quarter worth about $29,007,000. Dimensional Fund Advisors LP lifted its position in Shoe Carnival by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,651,332 shares of the company’s stock worth $25,744,000 after acquiring an additional 44,759 shares during the last quarter. State Street Corp acquired a new stake in Shoe Carnival during the second quarter worth approximately $6,373,000. Sei Investments Co. lifted its position in Shoe Carnival by 69.7% during the first quarter. Sei Investments Co. now owns 155,660 shares of the company’s stock worth $2,427,000 after acquiring an additional 63,912 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Shoe Carnival by 17.9% during the first quarter. Empowered Funds LLC now owns 143,254 shares of the company’s stock worth $2,233,000 after acquiring an additional 21,714 shares during the period. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Company Profile

Shoe Carnival, Inc is a U.S.-based family footwear retailer that sells shoes, apparel and accessories through its stores and e-commerce channels. Its merchandise assortment includes athletic and casual footwear, dress shoes, boots, sandals, handbags and related accessories for women, men and children.

The company offers products from nationally recognized brands as well as selected private-label merchandise. Shoe Carnival emphasizes a promotional shopping experience, with discounts, seasonal offers and other in-store and online promotions.