Shoe Carnival (NASDAQ:SHOE) Stock Rating Lowered by Wall Street Zen

Shoe Carnival (NASDAQ:SHOE) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday, Wall Street Zen reports.

SHOE has been the subject of several other reports. Weiss Ratings upgraded shares of Shoe Carnival from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Zacks Research cut shares of Shoe Carnival from a “hold” rating to a “strong sell” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.00.

Shoe Carnival Trading Up 6.2%

Shoe Carnival stock opened at $15.44 on Friday. The stock has a market capitalization of $419.66 million, a price-to-earnings ratio of 17.55 and a beta of 1.36. Shoe Carnival has a 1-year low of $10.20 and a 1-year high of $21.61. The business’s 50-day moving average price is $13.55.

Shoe Carnival (NASDAQ:SHOE) last announced its quarterly earnings results on Thursday, September 10th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). The business had revenue of $284.31 million for the quarter, compared to analysts’ expectations of $299.19 million. Shoe Carnival had a net margin of 2.20% and a return on equity of 5.32%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 EPS. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Sell-side analysts anticipate that Shoe Carnival will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Shoe Carnival by 269.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,931 shares of the company’s stock valued at $25,000 after acquiring an additional 1,408 shares during the period. Parallel Advisors LLC grew its holdings in Shoe Carnival by 2,494.6% in the third quarter. Parallel Advisors LLC now owns 2,880 shares of the company’s stock worth $37,000 after purchasing an additional 2,769 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Shoe Carnival during the second quarter valued at approximately $46,000. Legal & General Group Plc bought a new position in shares of Shoe Carnival during the second quarter valued at approximately $56,000. Finally, State of Wyoming bought a new position in shares of Shoe Carnival during the second quarter valued at approximately $61,000. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Company Profile

Shoe Carnival, Inc is a U.S.-based family footwear retailer that sells shoes, apparel and accessories through its stores and e-commerce channels. Its merchandise assortment includes athletic and casual footwear, dress shoes, boots, sandals, handbags and related accessories for women, men and children.

The company offers products from nationally recognized brands as well as selected private-label merchandise. Shoe Carnival emphasizes a promotional shopping experience, with discounts, seasonal offers and other in-store and online promotions.