Shoe Carnival (NASDAQ:SHOE) Releases FY 2026 Earnings Guidance

Shoe Carnival (NASDAQ:SHOE) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.750-0.900 for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion.

Analysts Set New Price Targets

Several analysts have issued reports on SHOE shares. Zacks Research downgraded Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings assumed coverage on Shoe Carnival in a 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Shoe Carnival Stock Down 3.4%

Shares of SHOE stock opened at $12.93 on Thursday. The firm has a market cap of $351.05 million, a price-to-earnings ratio of 9.58 and a beta of 1.40. The company has a fifty day simple moving average of $14.91. Shoe Carnival has a 1 year low of $12.63 and a 1 year high of $24.21.

Shoe Carnival (NASDAQ:SHOE) last released its earnings results on Thursday, September 10th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.10). The company had revenue of $284.31 million for the quarter, compared to the consensus estimate of $297.63 million. Shoe Carnival had a return on equity of 7.24% and a net margin of 3.31%.Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Equities analysts expect that Shoe Carnival will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shoe Carnival

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of Shoe Carnival in the fourth quarter valued at approximately $28,000. Kestra Advisory Services LLC acquired a new position in shares of Shoe Carnival in the fourth quarter valued at $44,000. Los Angeles Capital Management LLC acquired a new position in shares of Shoe Carnival in the fourth quarter valued at $86,000. Wilmington Savings Fund Society FSB bought a new position in shares of Shoe Carnival in the fourth quarter valued at about $137,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Shoe Carnival during the 2nd quarter worth about $146,000. 66.05% of the stock is owned by institutional investors.

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.