Shoe Carnival (NASDAQ:SCVL) Releases FY 2026 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.400-1.600 for the period, compared to the consensus estimate of 1.730. 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 Up 6.3%

Shares of Shoe Carnival stock traded up $1.06 on Thursday, reaching $17.86. 728,878 shares of the stock were exchanged, compared to its average volume of 427,640. Shoe Carnival has a twelve month low of $15.04 and a twelve month high of $26.57. The firm has a market capitalization of $490.61 million, a price-to-earnings ratio of 9.40 and a beta of 1.36. The business has a 50 day moving average price of $18.73 and a two-hundred day moving average price of $18.69.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, March 26th. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Shoe Carnival had a net margin of 4.60% and a return on equity of 7.75%. The company had revenue of $254.07 million for the quarter, compared to the consensus estimate of $255.83 million. During the same quarter in the prior year, the company earned $0.54 EPS. Shoe Carnival’s quarterly revenue was down 3.3% on a year-over-year basis. Research analysts forecast that Shoe Carnival will post 2.6 EPS for the current year.

Shoe Carnival Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Monday, April 6th will be paid a $0.17 dividend. The ex-dividend date is Monday, April 6th. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.8%. Shoe Carnival’s dividend payout ratio (DPR) is currently 31.58%.

Shoe Carnival announced that its Board of Directors has authorized a stock repurchase program on Friday, December 12th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

SCVL has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Shoe Carnival in a report on Friday, March 27th. Williams Trading set a $22.00 price target on Shoe Carnival in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Insiders Place Their Bets

In other news, CFO W Kerry Jackson acquired 31,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was bought at an average price of $16.13 per share, with a total value of $500,030.00. Following the completion of the acquisition, the chief financial officer owned 215,529 shares of the company’s stock, valued at approximately $3,476,482.77. This represents a 16.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 35.50% of the company’s stock.

Hedge Funds Weigh In On Shoe Carnival

A number of large investors have recently bought and sold shares of SCVL. New South Capital Management Inc. boosted its position in Shoe Carnival by 10.3% during the fourth quarter. New South Capital Management Inc. now owns 744,519 shares of the company’s stock worth $12,567,000 after purchasing an additional 69,474 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Shoe Carnival by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 448,424 shares of the company’s stock valued at $7,570,000 after buying an additional 4,859 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Shoe Carnival by 24.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 441,679 shares of the company’s stock worth $7,456,000 after buying an additional 86,075 shares during the period. Wasatch Advisors LP raised its stake in shares of Shoe Carnival by 8.5% during the 3rd quarter. Wasatch Advisors LP now owns 397,677 shares of the company’s stock worth $8,268,000 after buying an additional 31,024 shares during the period. Finally, Nokomis Capital L.L.C. lifted its position in shares of Shoe Carnival by 13.0% during the 3rd quarter. Nokomis Capital L.L.C. now owns 374,103 shares of the company’s stock valued at $7,778,000 after buying an additional 43,000 shares in the last quarter. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Company Profile

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.