Shoe Carnival (NASDAQ:SCVL) Issues Earnings Results

Shoe Carnival (NASDAQ:SCVL) issued its quarterly earnings results on Thursday. The company reported $0.53 EPS for the quarter, meeting 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 firm had revenue of $297.16 million during the quarter, compared to the consensus estimate of $295.25 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. Shoe Carnival’s revenue for the quarter was down 3.2% on a year-over-year basis. Shoe Carnival updated its FY 2025 guidance to 1.800-2.100 EPS.

Shoe Carnival Stock Down 5.6%

NASDAQ:SCVL traded down $0.94 during trading hours on Thursday, hitting $15.77. 264,285 shares of the company traded hands, compared to its average volume of 471,120. The firm’s 50-day simple moving average is $19.87 and its 200-day simple moving average is $20.25. Shoe Carnival has a one year low of $15.54 and a one year high of $36.94. The company has a market cap of $431.54 million, a PE ratio of 7.02 and a beta of 1.35.

Shoe Carnival Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, October 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, October 6th. This represents a $0.60 annualized dividend and a dividend yield of 3.8%. Shoe Carnival’s dividend payout ratio is 26.43%.

Insider Activity

In other Shoe Carnival news, Director Andrea R. Guthrie sold 2,477 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $20.20, for a total value of $50,035.40. Following the completion of the transaction, the director owned 24,405 shares in the company, valued at $492,981. This represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 35.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Shoe Carnival

Several institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in shares of Shoe Carnival by 215.9% in 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. Jump Financial LLC grew its stake in Shoe Carnival by 1,050.1% in the 2nd quarter. Jump Financial LLC now owns 173,670 shares of the company’s stock worth $3,249,000 after buying an additional 158,570 shares in the last quarter. Gabelli Funds LLC purchased a new stake in Shoe Carnival in the second quarter worth about $2,615,000. BNP Paribas Financial Markets grew its stake in Shoe Carnival by 179.1% in the third quarter. BNP Paribas Financial Markets now owns 194,045 shares of the company’s stock worth $4,034,000 after purchasing an additional 124,510 shares during the period. Finally, Maverick Capital Ltd. purchased a new position in Shoe Carnival during the second quarter valued at $1,901,000. 66.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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