Shoe Carnival (NASDAQ:SHOE) Updates FY 2026 Earnings Guidance

Shoe Carnival (NASDAQ:SHOE) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.750-0.900 for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion.

Shoe Carnival Stock Performance

Shares of SHOE stock opened at $12.71 on Friday. Shoe Carnival has a 12 month low of $10.20 and a 12 month high of $24.10. The stock has a fifty day simple moving average of $14.82. The company has a market capitalization of $345.08 million, a price-to-earnings ratio of 14.44 and a beta of 1.40.

Shoe Carnival (NASDAQ:SHOE) last issued its quarterly earnings results on Thursday, September 10th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.11). Shoe Carnival had a net margin of 2.20% and a return on equity of 5.31%. The business had revenue of $284.31 million during the quarter, compared to analyst estimates of $299.19 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. As a group, equities analysts predict that Shoe Carnival will post 0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Weiss Ratings assumed coverage on Shoe Carnival in a research note on Monday, June 15th. They issued a “hold (c-)” rating for the company. Wall Street Zen cut Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Research downgraded Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Shoe Carnival News Roundup

Here are the key news stories impacting Shoe Carnival this week:

• Positive Sentiment: FY 2026 guidance was maintained or updated: Shoe Carnival projected earnings of $0.75–$0.90 per share for fiscal 2026. The guidance provides investors with a defined earnings outlook following the quarterly results. Shoe Carnival quarterly results press release
• Neutral Sentiment: Short-interest data showed no measurable bearish position: Reported short interest was zero shares, with a zero-day short-interest ratio. Because the figures were unchanged at zero and included an invalid percentage comparison, the data offers little meaningful insight into trading sentiment.
• Negative Sentiment: Quarterly earnings missed expectations: Shoe Carnival reported adjusted earnings of $0.23 per share, below consensus estimates ranging from $0.32 to $0.34 and well below $0.70 a year earlier. Revenue of $284.31 million also missed estimates of approximately $298–$299 million. Shoe Carnival earnings report
• Negative Sentiment: Sales trends deteriorated: Quarterly revenue declined 7.2% year over year, while the company reported a relatively low 3.31% net margin and 7.24% return on equity. The earnings decline raises concerns about promotional pressure, demand, and profitability.
• Negative Sentiment: Bearish options activity increased sharply: Investors purchased 5,887 put options, roughly 342% above typical put volume of 1,333 contracts. This unusually high activity indicates increased demand for downside protection or speculation on further weakness.

Hedge Funds Weigh In On Shoe Carnival

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Shoe Carnival by 1.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,157 shares of the company’s stock valued at $661,000 after purchasing an additional 549 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Shoe Carnival by 6.1% during the 2nd quarter. Prudential Financial Inc. now owns 18,768 shares of the company’s stock worth $351,000 after buying an additional 1,072 shares during the period. Global Retirement Partners LLC acquired a new position in Shoe Carnival in the 4th quarter valued at about $28,000. Legal & General Group Plc grew its stake in Shoe Carnival by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 46,758 shares of the company’s stock valued at $875,000 after buying an additional 1,998 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Shoe Carnival in the 4th quarter valued at about $44,000. 66.05% of the stock is owned by institutional investors.

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.