Seaport Res Ptn Forecasts Shoe Carnival FY2028 Earnings

Shoe Carnival, Inc. (NASDAQ:SCVL) – Equities research analysts at Seaport Res Ptn issued their FY2028 earnings per share estimates for shares of Shoe Carnival in a report issued on Tuesday, March 11th. Seaport Res Ptn analyst M. Kummetz expects that the company will earn $3.22 per share for the year. The consensus estimate for Shoe Carnival’s current full-year earnings is $2.60 per share.

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

Shoe Carnival Stock Down 0.1 %

Shares of NASDAQ SCVL opened at $21.49 on Thursday. Shoe Carnival has a 52 week low of $20.51 and a 52 week high of $46.92. The business has a 50-day simple moving average of $26.32 and a two-hundred day simple moving average of $33.77. The company has a market cap of $583.99 million, a P/E ratio of 7.90 and a beta of 1.50.

Shoe Carnival declared that its Board of Directors has approved a share buyback program 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 programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Shoe Carnival

Institutional investors and hedge funds have recently modified their holdings of the business. Harvest Fund Management Co. Ltd purchased a new stake in shares of Shoe Carnival in the 3rd quarter valued at about $62,000. Quarry LP purchased a new position in shares of Shoe Carnival during the 3rd quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Shoe Carnival during the 3rd quarter valued at about $76,000. KLP Kapitalforvaltning AS purchased a new position in shares of Shoe Carnival during the 4th quarter valued at about $99,000. Finally, FMR LLC raised its holdings in shares of Shoe Carnival by 8.7% during the 3rd quarter. FMR LLC now owns 4,266 shares of the company’s stock valued at $187,000 after buying an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

About Shoe Carnival

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.