Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) - Stock analysts at Seaport Res Ptn reduced their FY2026 earnings estimates for shares of Shoe Carnival in a research note issued on Tuesday, March 11th. Seaport Res Ptn analyst M. Kummetz now expects that the company will earn $2.60 per share for the year, down from their prior estimate of $2.93. The consensus estimate for Shoe Carnival's current full-year earnings is $2.60 per share. Seaport Res Ptn also issued estimates for Shoe Carnival's FY2027 earnings at $2.90 EPS.
Separately, StockNews.com upgraded shares of Shoe Carnival from a "sell" rating to a "hold" rating in a report on Saturday, November 30th.
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Shoe Carnival Price Performance
NASDAQ:SCVL traded up $0.35 on Friday, reaching $22.72. The stock had a trading volume of 533,188 shares, compared to its average volume of 318,763. The company has a market cap of $617.42 million, a price-to-earnings ratio of 8.35 and a beta of 1.51. The firm's fifty day moving average is $25.73 and its two-hundred day moving average is $33.28. Shoe Carnival has a 12-month low of $20.51 and a 12-month high of $46.92.
Institutional Investors Weigh In On Shoe Carnival
Several hedge funds have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Shoe Carnival in the fourth quarter worth approximately $2,513,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Shoe Carnival by 19.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,740 shares of the company's stock worth $1,976,000 after acquiring an additional 9,671 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Shoe Carnival in the fourth quarter worth approximately $1,231,000. Wolverine Trading LLC acquired a new stake in shares of Shoe Carnival in the fourth quarter worth approximately $372,000. Finally, Vident Advisory LLC acquired a new stake in shares of Shoe Carnival in the fourth quarter worth approximately $486,000. 66.05% of the stock is owned by institutional investors and hedge funds.
Shoe Carnival announced that its board has initiated a stock buyback program on Thursday, December 12th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.
Shoe Carnival Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, April 7th. This is a boost from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 2.64%. Shoe Carnival's dividend payout ratio (DPR) is currently 19.85%.
Shoe Carnival Company Profile
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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.
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