Shoe Carnival (NASDAQ:SCVL) Issues FY 2024 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 2.550-2.750 for the period, compared to the consensus EPS estimate of 2.630. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Williams Trading raised Shoe Carnival from a hold rating to a buy rating and set a $40.00 target price for the company in a report on Friday, March 22nd. Monness Crespi & Hardt downgraded Shoe Carnival from a buy rating to a neutral rating in a research report on Tuesday, March 19th.

Shoe Carnival Trading Up 2.1 %

Shares of NASDAQ SCVL opened at $37.07 on Friday. The company has a fifty day moving average price of $34.58 and a 200 day moving average price of $30.05. Shoe Carnival has a 1-year low of $19.24 and a 1-year high of $37.35. The firm has a market cap of $1.01 billion, a PE ratio of 13.68 and a beta of 1.57.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Thursday, May 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. The firm had revenue of $300.37 million for the quarter, compared to analysts’ expectations of $292.38 million. Shoe Carnival had a net margin of 6.20% and a return on equity of 13.02%. Equities research analysts forecast that Shoe Carnival will post 2.65 EPS for the current year.

Shoe Carnival Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were paid a dividend of $0.135 per share. The ex-dividend date was Friday, April 5th. This represents a $0.54 annualized dividend and a dividend yield of 1.46%. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.12. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.93%.

Insider Buying and Selling

In other Shoe Carnival news, Director Andrea R. Guthrie sold 2,467 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total value of $80,078.82. Following the completion of the sale, the director now directly owns 20,106 shares in the company, valued at $652,640.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Shoe Carnival news, Director Andrea R. Guthrie sold 2,467 shares of Shoe Carnival stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total value of $80,078.82. Following the sale, the director now owns 20,106 shares of the company’s stock, valued at $652,640.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Carl N. Scibetta sold 5,415 shares of Shoe Carnival stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $35.45, for a total transaction of $191,961.75. Following the completion of the sale, the executive vice president now directly owns 118,077 shares in the company, valued at approximately $4,185,829.65. The disclosure for this sale can be found here. 34.70% of the stock is owned by insiders.

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.