Shoe Carnival (NASDAQ:SCVL) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Shoe Carnival (NASDAQ:SCVL) issued its quarterly earnings results on Friday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04, RTT News reports. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The company had revenue of $277.72 million during the quarter, compared to analyst estimates of $285.16 million. During the same quarter last year, the business posted $0.64 EPS. Shoe Carnival’s quarterly revenue was down 7.6% compared to the same quarter last year. Shoe Carnival updated its FY 2025 guidance to 1.600-2.10 EPS.

Shoe Carnival Stock Up 4.4%

SCVL traded up $0.81 on Friday, hitting $19.25. The company’s stock had a trading volume of 1,526,913 shares, compared to its average volume of 404,096. The company’s 50 day simple moving average is $19.08 and its 200-day simple moving average is $25.54. The firm has a market cap of $526.14 million, a P/E ratio of 7.08 and a beta of 1.41. Shoe Carnival has a 12 month low of $16.14 and a 12 month high of $46.92.

Shoe Carnival Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.60 annualized dividend and a dividend yield of 3.12%. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.14. Shoe Carnival’s dividend payout ratio (DPR) is presently 22.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SCVL. AQR Capital Management LLC boosted its holdings in Shoe Carnival by 367.2% in the 1st quarter. AQR Capital Management LLC now owns 52,303 shares of the company’s stock worth $1,150,000 after buying an additional 41,108 shares during the period. Royal Bank of Canada boosted its holdings in Shoe Carnival by 13.0% in the 1st quarter. Royal Bank of Canada now owns 80,923 shares of the company’s stock worth $1,779,000 after buying an additional 9,298 shares during the period. Empowered Funds LLC boosted its holdings in Shoe Carnival by 3.0% in the 1st quarter. Empowered Funds LLC now owns 140,151 shares of the company’s stock worth $3,082,000 after buying an additional 4,108 shares during the period. Finally, Millennium Management LLC boosted its holdings in Shoe Carnival by 215.9% in the 1st quarter. Millennium Management LLC now owns 321,764 shares of the company’s stock worth $7,076,000 after buying an additional 219,918 shares during the period. 66.05% of the stock is owned by institutional investors.

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.