Shoe Carnival (NASDAQ:SHOE) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shoe Carnival, Inc. (NASDAQ:SHOE)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $0.00 and traded as high as $13.74. Shoe Carnival shares last traded at $13.55, with a volume of 326,231 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings lowered shares of Shoe Carnival from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 13th. Wall Street Zen downgraded Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. Finally, Zacks Research downgraded Shoe Carnival from a “hold” rating to a “strong sell” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.00.

Shoe Carnival Stock Up 7.6%

The company has a market capitalization of $386.50 million, a PE ratio of 10.02 and a beta of 1.37. The business’s fifty day simple moving average is $13.61.

Shoe Carnival (NASDAQ:SHOE) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $299.19 million. Shoe Carnival had a net margin of 2.20% and a return on equity of 5.32%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. On average, equities research analysts anticipate that Shoe Carnival, Inc. will post 0.85 earnings per share for the current fiscal year.

Shoe Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, October 6th. This represents a $0.68 dividend on an annualized basis and a yield of 4.8%. Shoe Carnival’s payout ratio is currently 77.27%.

Institutional Investors Weigh In On Shoe Carnival

Several large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. boosted its holdings in shares of Shoe Carnival by 500,000.0% during the third quarter. SBI Securities Co. Ltd. now owns 5,001 shares of the company’s stock valued at $64,000 after acquiring an additional 5,000 shares during the period. Copeland Capital Management LLC grew its position in shares of Shoe Carnival by 94.1% during the third quarter. Copeland Capital Management LLC now owns 7,157 shares of the company’s stock worth $92,000 after acquiring an additional 3,469 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Shoe Carnival by 269.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,931 shares of the company’s stock worth $25,000 after acquiring an additional 1,408 shares during the period. State Street Corp acquired a new stake in shares of Shoe Carnival in the 2nd quarter worth about $6,373,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new stake in Shoe Carnival in the 2nd quarter valued at about $152,000. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Company Profile

Shoe Carnival, Inc (NASDAQ:SHOE) is a family footwear retailer serving customers through stores and e-commerce. The company offers a broad selection of men’s, women’s and children’s footwear, including athletic, casual, dress and work styles, along with accessories such as handbags, backpacks, socks and shoe care products.

Shoe Carnival sells merchandise from nationally recognized brands and selected private-label brands. Its stores emphasize value-oriented pricing, frequent promotions and a family-friendly shopping experience, while its digital platform allows customers to browse and purchase products online.

Founded in 1978, the company is headquartered in Evansville, Indiana, and operates primarily in the United States.