Wall Street Zen downgraded shares of Shoe Carnival (NASDAQ:SHOE – Free Report) from a hold rating to a sell rating in a research report report published on Sunday morning,Wall Street Zen reports.
A number of other research firms have also recently commented on SHOE. Zacks Research cut shares of Shoe Carnival from a “hold” rating to a “strong sell” rating in a research report on Monday, September 14th. Weiss Ratings raised shares of Shoe Carnival from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.00.
Read Our Latest Research Report on SHOE
Shoe Carnival Stock Performance
Shares of NASDAQ:SHOE opened at $14.54 on Friday. The stock has a market cap of $395.20 million, a P/E ratio of 16.52 and a beta of 1.36. Shoe Carnival has a one year low of $10.20 and a one year high of $21.61. The company’s 50-day moving average is $13.51.
Shoe Carnival (NASDAQ:SHOE – Get Free Report) last released its quarterly 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). The company had revenue of $284.31 million for the quarter, compared to analyst estimates of $299.19 million. Shoe Carnival had a return on equity of 5.32% and a net margin of 2.20%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Equities research analysts expect that Shoe Carnival will post 0.85 EPS for the current year.
Shoe Carnival Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were paid a $0.17 dividend. The ex-dividend date was Tuesday, October 6th. This represents a $0.68 annualized dividend and a dividend yield of 4.7%. Shoe Carnival’s payout ratio is 77.27%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Shoe Carnival by 269.2% in the third quarter. GAMMA Investing LLC now owns 1,931 shares of the company’s stock valued at $25,000 after acquiring an additional 1,408 shares in the last quarter. Parallel Advisors LLC boosted its stake in Shoe Carnival by 2,494.6% during the 3rd quarter. Parallel Advisors LLC now owns 2,880 shares of the company’s stock valued at $37,000 after acquiring an additional 2,769 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Shoe Carnival during the 2nd quarter valued at $46,000. Legal & General Group Plc bought a new position in Shoe Carnival during the 2nd quarter valued at $56,000. Finally, State of Wyoming acquired a new position in Shoe Carnival during the 2nd quarter worth $61,000. Hedge funds and other institutional investors 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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