Shoe Carnival (NASDAQ:SHOE) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Shoe Carnival (NASDAQ:SHOE) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

Several other equities analysts have also commented on the stock. Zacks Research lowered shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings began coverage on shares of Shoe Carnival in a research note on Monday, June 15th. They issued a “hold (c-)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Shoe Carnival has an average rating of “Moderate Buy” and an average price target of $22.00.

Shoe Carnival Stock Performance

Shares of SHOE opened at $12.71 on Friday. The stock has a market capitalization of $345.08 million, a price-to-earnings ratio of 14.44 and a beta of 1.40. The stock has a 50 day moving average price of $14.82. Shoe Carnival has a 1 year low of $10.20 and a 1 year high of $24.10.

Shoe Carnival (NASDAQ:SHOE) last issued its quarterly earnings results on Thursday, September 10th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). The business had revenue of $284.31 million for the quarter, compared to the consensus estimate of $299.19 million. Shoe Carnival had a net margin of 2.20% and a return on equity of 5.31%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. As a group, equities research analysts anticipate that Shoe Carnival will post 0.82 EPS for the current year.

Institutional Trading of Shoe Carnival

Several hedge funds and other institutional investors have recently bought and sold shares of SHOE. BlackRock Inc. bought a new position in shares of Shoe Carnival in the second quarter worth approximately $29,007,000. Dimensional Fund Advisors LP raised its holdings in Shoe Carnival by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,651,332 shares of the company’s stock valued at $25,744,000 after buying an additional 44,759 shares during the last quarter. New South Capital Management Inc. boosted its position in Shoe Carnival by 10.3% during the 4th quarter. New South Capital Management Inc. now owns 744,519 shares of the company’s stock valued at $12,567,000 after buying an additional 69,474 shares during the period. Royce & Associates LP boosted its position in Shoe Carnival by 38.6% during the 4th quarter. Royce & Associates LP now owns 577,201 shares of the company’s stock valued at $9,743,000 after buying an additional 160,747 shares during the period. Finally, Hodges Capital Management Inc. grew its holdings in Shoe Carnival by 2.3% in the 4th quarter. Hodges Capital Management Inc. now owns 454,404 shares of the company’s stock worth $7,670,000 after acquiring an additional 10,102 shares during the last quarter. Institutional investors own 66.05% of the company’s stock.

Shoe Carnival News Summary

Here are the key news stories impacting Shoe Carnival this week:

• Positive Sentiment: FY 2026 guidance was maintained or updated: Shoe Carnival projected earnings of $0.75–$0.90 per share for fiscal 2026. The guidance provides investors with a defined earnings outlook following the quarterly results. Shoe Carnival quarterly results press release
• Neutral Sentiment: Short-interest data showed no measurable bearish position: Reported short interest was zero shares, with a zero-day short-interest ratio. Because the figures were unchanged at zero and included an invalid percentage comparison, the data offers little meaningful insight into trading sentiment.
• Negative Sentiment: Quarterly earnings missed expectations: Shoe Carnival reported adjusted earnings of $0.23 per share, below consensus estimates ranging from $0.32 to $0.34 and well below $0.70 a year earlier. Revenue of $284.31 million also missed estimates of approximately $298–$299 million. Shoe Carnival earnings report
• Negative Sentiment: Sales trends deteriorated: Quarterly revenue declined 7.2% year over year, while the company reported a relatively low 3.31% net margin and 7.24% return on equity. The earnings decline raises concerns about promotional pressure, demand, and profitability.
• Negative Sentiment: Bearish options activity increased sharply: Investors purchased 5,887 put options, roughly 342% above typical put volume of 1,333 contracts. This unusually high activity indicates increased demand for downside protection or speculation on further weakness.

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.