Seaport Res Ptn Predicts Reduced Earnings for Shoe Carnival

Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) - Seaport Res Ptn decreased their FY2025 earnings estimates for shares of Shoe Carnival in a research report issued to clients and investors on Monday, November 18th. Seaport Res Ptn analyst M. Kummetz now expects that the company will earn $2.54 per share for the year, down from their prior forecast of $2.65. The consensus estimate for Shoe Carnival's current full-year earnings is $2.65 per share. Seaport Res Ptn also issued estimates for Shoe Carnival's Q4 2025 earnings at $0.44 EPS.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.03. The business had revenue of $332.70 million for the quarter, compared to analysts' expectations of $331.45 million. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS.

Separately, Williams Trading upped their price target on shares of Shoe Carnival from $42.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th.

Shoe Carnival Stock Down 2.7 %

SCVL traded down $0.92 during trading on Wednesday, reaching $32.75. 253,813 shares of the company's stock were exchanged, compared to its average volume of 241,324. Shoe Carnival has a fifty-two week low of $22.75 and a fifty-two week high of $46.92. The business has a 50 day moving average price of $39.15 and a 200 day moving average price of $38.74. The company has a market capitalization of $889.82 million, a P/E ratio of 11.94 and a beta of 1.56.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SCVL. Sei Investments Co. lifted its holdings in shares of Shoe Carnival by 16.1% in the first quarter. Sei Investments Co. now owns 52,221 shares of the company's stock worth $1,914,000 after acquiring an additional 7,232 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Shoe Carnival by 2.3% during the 1st quarter. Russell Investments Group Ltd. now owns 82,153 shares of the company's stock valued at $3,010,000 after purchasing an additional 1,853 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Shoe Carnival during the 1st quarter valued at approximately $335,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of Shoe Carnival by 11.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,369 shares of the company's stock valued at $562,000 after purchasing an additional 1,562 shares during the last quarter. Finally, BOKF NA bought a new stake in shares of Shoe Carnival during the 1st quarter valued at approximately $308,000. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Monday, October 7th. Shoe Carnival's payout ratio is currently 19.15%.

About Shoe Carnival

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.