Seaport Res Ptn Reduces Earnings Estimates for Shoe Carnival

Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) - Equities researchers at Seaport Res Ptn cut their Q3 2025 EPS estimates for Shoe Carnival in a research note issued to investors on Monday, November 18th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will post earnings of $0.61 per share for the quarter, down from their prior forecast of $0.70. The consensus estimate for Shoe Carnival's current full-year earnings is $2.54 per share. Seaport Res Ptn also issued estimates for Shoe Carnival's FY2026 earnings at $2.91 EPS and FY2027 earnings at $3.24 EPS.

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

Shoe Carnival Price Performance

SCVL opened at $33.48 on Thursday. The firm has a 50 day simple moving average of $39.03 and a 200 day simple moving average of $38.70. Shoe Carnival has a fifty-two week low of $22.75 and a fifty-two week high of $46.92. The company has a market cap of $909.65 million, a price-to-earnings ratio of 11.87 and a beta of 1.56.

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

Institutional Investors Weigh In On Shoe Carnival

A number of large investors have recently added to or reduced their stakes in SCVL. Pinnacle Associates Ltd. increased its position in Shoe Carnival by 69.2% during the third quarter. Pinnacle Associates Ltd. now owns 46,540 shares of the company's stock worth $2,041,000 after acquiring an additional 19,030 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Shoe Carnival by 11.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 15,369 shares of the company's stock worth $562,000 after buying an additional 1,562 shares in the last quarter. Creative Planning acquired a new position in shares of Shoe Carnival in the 2nd quarter valued at approximately $281,000. Sei Investments Co. lifted its holdings in shares of Shoe Carnival by 16.1% during the 1st 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 period. Finally, Russell Investments Group Ltd. increased its stake in Shoe Carnival by 2.3% in the first quarter. Russell Investments Group Ltd. now owns 82,153 shares of the company's stock valued at $3,010,000 after acquiring an additional 1,853 shares during the last quarter. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, October 7th. Shoe Carnival's dividend payout ratio is currently 19.15%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.