Shoe Carnival (NASDAQ:SCVL) Releases FY 2026 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 1.400-1.600 for the period, compared to the consensus EPS estimate of 1.480. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Shoe Carnival Price Performance

Shares of NASDAQ SCVL opened at $17.70 on Friday. The company has a market cap of $486.47 million, a P/E ratio of 13.11 and a beta of 1.44. Shoe Carnival has a 1 year low of $14.91 and a 1 year high of $26.57. The firm has a 50-day simple moving average of $17.26 and a two-hundred day simple moving average of $18.12.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $270.73 million during the quarter, compared to the consensus estimate of $268.73 million. Shoe Carnival had a net margin of 3.31% and a return on equity of 7.24%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, equities research analysts expect that Shoe Carnival will post 1.5 EPS for the current year.

Shoe Carnival Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 6th were paid a dividend of $0.17 per share. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, April 6th. Shoe Carnival’s payout ratio is presently 50.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SCVL. Williams Trading set a $22.00 price target on shares of Shoe Carnival in a research note on Thursday, February 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Shoe Carnival in a research note on Friday, March 27th. Finally, Zacks Research raised shares of Shoe Carnival from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Shoe Carnival currently has an average rating of “Buy” and an average price target of $22.00.

Insider Activity at Shoe Carnival

In other news, CFO W Kerry Jackson bought 31,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was purchased at an average price of $16.13 per share, with a total value of $500,030.00. Following the completion of the acquisition, the chief financial officer directly owned 215,529 shares of the company’s stock, valued at $3,476,482.77. This trade represents a 16.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 33.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shoe Carnival

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Weiss Asset Management LP acquired a new stake in Shoe Carnival during the 4th quarter worth about $220,000. Inceptionr LLC purchased a new stake in shares of Shoe Carnival during the 3rd quarter worth about $217,000. Panagora Asset Management Inc. purchased a new stake in shares of Shoe Carnival during the 4th quarter worth about $192,000. Cerity Partners LLC purchased a new stake in shares of Shoe Carnival during the 2nd quarter worth about $192,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Shoe Carnival during the 4th quarter worth about $188,000. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Company Profile

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.