Brokers Offer Predictions for Shoe Carnival FY2026 Earnings

Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) - Equities research analysts at Seaport Res Ptn lowered their FY2026 earnings estimates for shares of Shoe Carnival in a report issued on Tuesday, March 11th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will post earnings per share of $2.60 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.

Shoe Carnival Price Performance

Shares of NASDAQ:SCVL traded up $0.52 during mid-day trading on Friday, reaching $22.37. 402,463 shares of the company were exchanged, compared to its average volume of 317,905. The firm has a market cap of $607.90 million, a price-to-earnings ratio of 8.22 and a beta of 1.50. The firm's 50-day simple moving average is $25.73 and its 200 day simple moving average is $33.28. Shoe Carnival has a 1 year low of $20.51 and a 1 year high of $46.92.

Institutional Investors Weigh In On Shoe Carnival

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in Shoe Carnival by 8.7% during the 3rd quarter. FMR LLC now owns 4,266 shares of the company's stock worth $187,000 after buying an additional 343 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Shoe Carnival by 0.8% in the 4th quarter. Sei Investments Co. now owns 56,940 shares of the company's stock valued at $1,884,000 after purchasing an additional 437 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Shoe Carnival by 5.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,284 shares of the company's stock valued at $307,000 after purchasing an additional 511 shares in the last quarter. Foundry Partners LLC raised its holdings in shares of Shoe Carnival by 0.6% in the 3rd quarter. Foundry Partners LLC now owns 149,735 shares of the company's stock valued at $6,566,000 after purchasing an additional 940 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Shoe Carnival by 17.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company's stock valued at $225,000 after purchasing an additional 987 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

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Shoe Carnival announced that its Board of Directors has authorized a share buyback plan on Thursday, December 12th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Shoe Carnival Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be issued a dividend of $0.15 per share. This is a positive change from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 2.68%. Shoe Carnival's dividend payout ratio is 19.85%.

Shoe Carnival Company Profile

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.