Seaport Res Ptn Predicts Reduced Earnings for Shoe Carnival

Shoe Carnival, Inc. (NASDAQ:SCVL) – Stock analysts at Seaport Res Ptn cut their FY2026 earnings per share (EPS) estimates for shares of Shoe Carnival in a research report issued to clients and investors on Tuesday, March 11th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will post earnings per share of $2.60 for the year, down from their prior estimate of $2.93. The consensus estimate for Shoe Carnival’s current full-year earnings is $2.60 per share. Seaport Res Ptn also issued estimates for Shoe Carnival’s FY2027 earnings at $2.90 EPS.

Separately, StockNews.com upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th.

Shoe Carnival Trading Up 1.7 %

Shares of NASDAQ SCVL opened at $21.85 on Friday. Shoe Carnival has a one year low of $20.51 and a one year high of $46.92. The firm has a market capitalization of $593.77 million, a PE ratio of 8.03 and a beta of 1.50. The business has a 50-day moving average price of $26.10 and a two-hundred day moving average price of $33.68.

Shoe Carnival declared that its Board of Directors has authorized a share buyback plan on Thursday, December 12th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Shoe Carnival

Institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Shoe Carnival by 189.7% during the 3rd quarter. Barclays PLC now owns 30,342 shares of the company’s stock valued at $1,330,000 after buying an additional 19,868 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Shoe Carnival by 138.3% during the 3rd quarter. Victory Capital Management Inc. now owns 59,239 shares of the company’s stock valued at $2,598,000 after buying an additional 34,382 shares during the last quarter. State Street Corp lifted its holdings in shares of Shoe Carnival by 2.2% during the 3rd quarter. State Street Corp now owns 793,318 shares of the company’s stock valued at $34,787,000 after buying an additional 17,086 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Shoe Carnival by 16.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,069 shares of the company’s stock valued at $2,196,000 after buying an additional 6,946 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in shares of Shoe Carnival by 20.0% during the 4th quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company’s stock valued at $19,236,000 after buying an additional 96,753 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Company Profile

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.