Shoe Carnival (NASDAQ:SHOE) Raised to Hold at Wall Street Zen

Shoe Carnival (NASDAQ:SHOE) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Other analysts have also issued research reports about the company. Zacks Research lowered Shoe Carnival from a “hold” rating to a “strong sell” rating in a research note on Monday, September 14th. Weiss Ratings upgraded Shoe Carnival from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.00.

Shoe Carnival Price Performance

SHOE stock opened at $14.66 on Friday. Shoe Carnival has a one year low of $10.20 and a one year high of $21.61. The stock has a fifty day moving average price of $13.49. The firm has a market cap of $398.52 million, a PE ratio of 16.66 and a beta of 1.37.

Shoe Carnival (NASDAQ:SHOE) last posted its earnings results on Thursday, September 10th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.11). Shoe Carnival had a net margin of 2.20% and a return on equity of 5.32%. The company had revenue of $284.31 million for the quarter, compared to the consensus estimate of $299.19 million. During the same period last year, the company posted $0.70 earnings per share. The firm’s revenue for the quarter 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.

Institutional Investors Weigh In On Shoe Carnival

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Shoe Carnival by 269.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,931 shares of the company’s stock valued at $25,000 after buying an additional 1,408 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Shoe Carnival during the second quarter worth approximately $46,000. Legal & General Group Plc acquired a new stake in Shoe Carnival in the second quarter valued at approximately $56,000. State of Wyoming acquired a new position in shares of Shoe Carnival during the second quarter valued at about $61,000. Finally, SBI Securities Co. Ltd. increased its position in Shoe Carnival by 500,000.0% in the third quarter. SBI Securities Co. Ltd. now owns 5,001 shares of the company’s stock worth $64,000 after buying an additional 5,000 shares during the last quarter. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Company Profile

Shoe Carnival, Inc is a U.S.-based family footwear retailer that sells shoes, apparel and accessories through its stores and e-commerce channels. Its merchandise assortment includes athletic and casual footwear, dress shoes, boots, sandals, handbags and related accessories for women, men and children.

The company offers products from nationally recognized brands as well as selected private-label merchandise. Shoe Carnival emphasizes a promotional shopping experience, with discounts, seasonal offers and other in-store and online promotions.