Shoe Carnival (NASDAQ:SCVL) Releases Quarterly Earnings Results, Hits Estimates

Shoe Carnival (NASDAQ:SCVL) announced its quarterly earnings results on Thursday. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53, RTT News reports. Shoe Carnival had a return on equity of 9.65% and a net margin of 5.41%.The business had revenue of $297.16 million for the quarter, compared to analyst estimates of $295.25 million. During the same quarter in the previous year, the firm earned $0.71 EPS. Shoe Carnival’s quarterly revenue was down 3.2% on a year-over-year basis. Shoe Carnival updated its FY 2025 guidance to 1.800-2.100 EPS.

Shoe Carnival Price Performance

SCVL opened at $16.64 on Friday. The stock has a market capitalization of $455.49 million, a P/E ratio of 7.33 and a beta of 1.35. The company’s 50 day simple moving average is $19.58 and its 200-day simple moving average is $20.21. Shoe Carnival has a one year low of $15.21 and a one year high of $36.94.

Shoe Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, October 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, October 6th. Shoe Carnival’s dividend payout ratio is presently 26.43%.

Analyst Ratings Changes

SCVL has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Shoe Carnival in a report on Wednesday. Zacks Research upgraded shares of Shoe Carnival from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 27th. Wall Street Zen raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Seaport Res Ptn cut shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Insiders Place Their Bets

In other Shoe Carnival news, Director Andrea R. Guthrie sold 2,477 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $20.20, for a total transaction of $50,035.40. Following the transaction, the director owned 24,405 shares of the company’s stock, valued at approximately $492,981. This represents a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 35.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shoe Carnival

A number of institutional investors and hedge funds have recently made changes to their positions in SCVL. Raymond James Financial Inc. acquired a new position in shares of Shoe Carnival during the second quarter valued at $146,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Shoe Carnival by 66.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,005 shares of the company’s stock worth $146,000 after purchasing an additional 2,809 shares during the last quarter. Rafferty Asset Management LLC acquired a new position in Shoe Carnival during the 2nd quarter valued at about $188,000. Cerity Partners LLC acquired a new position in Shoe Carnival during the 2nd quarter valued at about $192,000. Finally, Inceptionr LLC bought a new position in shares of Shoe Carnival in the 3rd quarter valued at about $217,000. Institutional investors own 66.05% of the company’s stock.

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.