Shoe Carnival (NASDAQ:SCVL) Releases FY 2025 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 1.900-1.900 for the period, compared to the consensus EPS estimate of 1.950. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Shoe Carnival Stock Down 0.7%

NASDAQ SCVL opened at $21.01 on Wednesday. Shoe Carnival has a fifty-two week low of $15.21 and a fifty-two week high of $26.57. The business has a 50 day moving average price of $19.13 and a two-hundred day moving average price of $19.61. The stock has a market cap of $575.25 million, a PE ratio of 10.00 and a beta of 1.36.

Shoe Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Monday, January 12th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, January 12th. This represents a $0.60 annualized dividend and a yield of 2.9%. Shoe Carnival’s payout ratio is presently 28.57%.

Shoe Carnival declared that its Board of Directors has approved a share buyback plan on Friday, December 12th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 9.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zacks Research downgraded Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Shoe Carnival in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Shoe Carnival

A number of institutional investors have recently bought and sold shares of SCVL. Virtu Financial LLC purchased a new position in Shoe Carnival during the fourth quarter valued at approximately $172,000. Empowered Funds LLC raised its stake in Shoe Carnival by 10.6% during the 4th quarter. Empowered Funds LLC now owns 121,540 shares of the company’s stock valued at $2,052,000 after purchasing an additional 11,669 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Shoe Carnival during the fourth quarter valued at approximately $510,000. Tudor Investment Corp ET AL bought a new position in Shoe Carnival during the fourth quarter worth about $634,000. Finally, Man Group plc grew its stake in shares of Shoe Carnival by 16.1% in the 4th quarter. Man Group plc now owns 26,056 shares of the company’s stock valued at $440,000 after purchasing an additional 3,604 shares during the period. Hedge funds and other institutional investors own 66.05% of the company’s stock.

About Shoe Carnival

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.