Seaport Res Ptn Forecasts Reduced Earnings for Shoe Carnival

Shoe Carnival, Inc. (NASDAQ:SCVL) – Stock analysts at Seaport Res Ptn cut their FY2025 earnings per share (EPS) estimates for shares of Shoe Carnival in a research report issued to clients and investors on Monday, November 18th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will earn $2.54 per share for the year, down from their previous forecast of $2.65. The consensus estimate for Shoe Carnival’s current full-year earnings is $2.65 per share. Seaport Res Ptn also issued estimates for Shoe Carnival’s Q4 2025 earnings at $0.44 EPS.

Separately, Williams Trading raised their price objective on shares of Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th.

Shoe Carnival Price Performance

Shares of SCVL stock opened at $33.48 on Wednesday. Shoe Carnival has a one year low of $22.75 and a one year high of $46.92. The company’s fifty day moving average price is $39.03 and its 200-day moving average price is $38.70. The company has a market capitalization of $909.65 million, a price-to-earnings ratio of 11.87 and a beta of 1.56.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.03. The company had revenue of $332.70 million during the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. Shoe Carnival’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS.

Shoe Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were paid a dividend of $0.135 per share. The ex-dividend date was Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a yield of 1.61%. Shoe Carnival’s payout ratio is 19.15%.

Institutional Trading of Shoe Carnival

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCVL. Barclays PLC raised its position in Shoe Carnival by 189.7% during the third quarter. Barclays PLC now owns 30,342 shares of the company’s stock valued at $1,330,000 after acquiring an additional 19,868 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Shoe Carnival by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 452,548 shares of the company’s stock worth $19,848,000 after acquiring an additional 10,761 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Shoe Carnival during the 3rd quarter valued at about $296,000. State Street Corp increased its stake in shares of Shoe Carnival by 2.2% in the 3rd quarter. State Street Corp now owns 793,318 shares of the company’s stock valued at $34,787,000 after purchasing an additional 17,086 shares in the last quarter. Finally, Quarry LP acquired a new position in Shoe Carnival in the 3rd quarter worth about $66,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

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.