Shoe Carnival (NASDAQ:SCVL) Updates FY 2026 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share guidance of 1.400-1.600 for the period, compared to the consensus earnings per share estimate of 1.480. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Shoe Carnival in a report on Friday, March 27th. Williams Trading set a $22.00 price objective on Shoe Carnival in a research note on Thursday, February 26th. Finally, Zacks Research upgraded Shoe Carnival from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $22.00.

Shoe Carnival Stock Up 2.1%

Shares of Shoe Carnival stock opened at $17.60 on Friday. Shoe Carnival has a 12-month low of $14.91 and a 12-month high of $26.57. The stock has a market cap of $483.65 million, a P/E ratio of 13.04 and a beta of 1.44. The business’s 50 day moving average is $17.24 and its 200-day moving average is $18.12.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $270.73 million for the quarter, compared to analysts’ expectations of $268.73 million. Shoe Carnival had a return on equity of 7.24% and a net margin of 3.31%.The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. On average, sell-side analysts expect that Shoe Carnival will post 1.5 EPS for the current year.

Shoe Carnival Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 6th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, April 6th. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.9%. Shoe Carnival’s payout ratio is currently 50.37%.

Insider Buying and Selling at Shoe Carnival

In related news, CFO W Kerry Jackson acquired 31,000 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were bought at an average cost of $16.13 per share, with a total value of $500,030.00. Following the completion of the transaction, the chief financial officer directly owned 215,529 shares of the company’s stock, valued at $3,476,482.77. This trade represents a 16.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 33.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in Shoe Carnival during the 4th quarter worth $28,000. Kestra Advisory Services LLC bought a new position in Shoe Carnival during the 4th quarter worth $44,000. Los Angeles Capital Management LLC bought a new position in Shoe Carnival during the 4th quarter worth $86,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Shoe Carnival by 66.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,005 shares of the company’s stock worth $146,000 after buying an additional 2,809 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Shoe Carnival during the 2nd quarter worth $146,000. Institutional investors own 66.05% of the company’s stock.

About Shoe Carnival

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.