Wall Street Zen upgraded shares of Shoe Carnival (NASDAQ:SHOE – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.
A number of other research firms also recently commented on SHOE. Zacks Research downgraded Shoe Carnival from a “hold” rating to a “strong sell” rating in a report on Monday, September 14th. Weiss Ratings raised Shoe Carnival from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.00.
Check Out Our Latest Report on Shoe Carnival
Shoe Carnival Trading Down 2.7%
SHOE opened at $14.66 on Friday. The firm has a market capitalization of $398.46 million, a price-to-earnings ratio of 16.66 and a beta of 1.37. Shoe Carnival has a 52 week low of $10.20 and a 52 week high of $21.61. The firm’s fifty day moving average is $13.49.
Shoe Carnival (NASDAQ:SHOE – Get Free Report) 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 firm had revenue of $284.31 million for the quarter, compared to analysts’ expectations of $299.19 million. Shoe Carnival had a return on equity of 5.32% and a net margin of 2.20%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. On average, research analysts forecast that Shoe Carnival will post 0.85 earnings per share for the current fiscal year.
Shoe Carnival Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, October 6th. Shoe Carnival’s dividend payout ratio (DPR) is presently 77.27%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Shoe Carnival during the 2nd quarter valued at about $29,007,000. Dimensional Fund Advisors LP raised its stake in Shoe Carnival by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,651,332 shares of the company’s stock worth $25,744,000 after acquiring an additional 44,759 shares during the period. State Street Corp bought a new position in Shoe Carnival in the second quarter worth about $6,373,000. Sei Investments Co. lifted its holdings in Shoe Carnival by 69.7% in the first quarter. Sei Investments Co. now owns 155,660 shares of the company’s stock worth $2,427,000 after acquiring an additional 63,912 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Shoe Carnival by 17.9% in the first quarter. Empowered Funds LLC now owns 143,254 shares of the company’s stock worth $2,233,000 after acquiring an additional 21,714 shares during the last quarter. Institutional investors and hedge funds own 66.05% of the company’s stock.
About Shoe Carnival
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.
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