Shoe Carnival, Inc. (NASDAQ:SHOE) Declares $0.17 Quarterly Dividend

Shoe Carnival, Inc. (NASDAQ:SHOE) announced a quarterly dividend on Tuesday, September 22nd. Investors of record on Tuesday, October 6th will be given a dividend of 0.17 per share on Tuesday, October 20th. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date is Tuesday, October 6th.

Shoe Carnival has raised its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Shoe Carnival has a payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Shoe Carnival to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 45.0%.

Shoe Carnival Price Performance

SHOE stock opened at $13.10 on Wednesday. The stock has a fifty day moving average price of $14.50. Shoe Carnival has a one year low of $10.20 and a one year high of $22.76. The firm has a market cap of $355.92 million, a PE ratio of 14.88 and a beta of 1.40.

Shoe Carnival (NASDAQ:SHOE) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.11). Shoe Carnival had a return on equity of 5.32% and a net margin of 2.20%.The business had revenue of $284.31 million during the quarter, compared to analysts’ expectations of $299.19 million. During the same quarter in the previous year, the company posted $0.70 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Equities research analysts forecast that Shoe Carnival will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Shoe Carnival in a research report on Friday, September 11th. Wall Street Zen downgraded Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Finally, Zacks Research lowered Shoe Carnival from a “hold” rating to a “strong sell” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Shoe Carnival currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Shoe Carnival Company Profile

Shoe Carnival, Inc is a family footwear retailer that sells shoes, sandals, boots, athletic footwear, accessories and related products for women, men and children. Its merchandise assortment includes national brands as well as private-label products, with offerings spanning casual, dress, work and athletic categories.

The company operates through a network of retail stores and an e-commerce platform, serving customers primarily in the United States. Shoe Carnival emphasizes value-oriented pricing, frequent promotions and an in-store shopping experience designed to appeal to families and budget-conscious consumers.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded through organic growth and acquisitions, including its purchase of Shoe Station.