Shoe Carnival (NASDAQ:SHOE – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.750-0.900 for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on SHOE shares. Weiss Ratings assumed coverage on shares of Shoe Carnival in a research note on Monday, June 15th. They set a “hold (c-)” rating for the company. Zacks Research cut Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Shoe Carnival currently has an average rating of “Moderate Buy” and an average price target of $22.00.
Check Out Our Latest Stock Analysis on Shoe Carnival
Shoe Carnival Price Performance
Shoe Carnival (NASDAQ:SHOE – Get Free Report) last announced its quarterly earnings results on Thursday, September 10th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). Shoe Carnival had a net margin of 3.31% and a return on equity of 7.24%. During the same period in the previous year, the business posted $0.70 earnings per share. Shoe Carnival’s revenue was down 7.2% on a year-over-year basis. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. As a group, analysts expect that Shoe Carnival will post 1.5 earnings per share for the current fiscal year.
Key Shoe Carnival News
Here are the key news stories impacting Shoe Carnival this week:
- Positive Sentiment: The company reaffirmed its presence as an omnichannel family footwear retailer and provided fiscal 2026 EPS guidance of $0.75 to $0.90. However, this was accompanied by a reduction in its outlook. Shoe Station Group Reports Second Quarter 2026 Results
- Neutral Sentiment: Reports stated that short interest totaled zero shares as of September 10, implying no measurable short-selling activity. Because the reported figure is zero and the comparison includes an invalid percentage change, the data provides little useful insight into SHOE’s trading outlook.
- Negative Sentiment: Shoe Carnival reported second-quarter EPS of $0.23, below the $0.32 analyst consensus and sharply lower than $0.70 a year earlier. Revenue fell 7.2% year over year to $284.31 million, missing estimates of $297.63 million. Shoe Carnival Earnings Report
- Negative Sentiment: Management cited a promotional retail environment, which pressured gross margins and profitability. Analysts characterized the results as offering limited earnings visibility, with both industry-wide headwinds and company-specific challenges weighing on the business. Shoe Station Q2 Analysis
- Negative Sentiment: The combination of missed earnings and revenue estimates, declining sales, margin pressure, and lowered fiscal 2026 guidance explains the selling pressure in SHOE. Trading volume was also substantially above average, suggesting unusually strong investor reaction to the report. Shoe Station Group Earnings and Revenue Results
Institutional Trading of Shoe Carnival
Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Shoe Carnival by 1.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,157 shares of the company’s stock worth $661,000 after acquiring an additional 549 shares in the last quarter. Prudential Financial Inc. increased its stake in Shoe Carnival by 6.1% during the second quarter. Prudential Financial Inc. now owns 18,768 shares of the company’s stock worth $351,000 after purchasing an additional 1,072 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Shoe Carnival during the fourth quarter worth about $28,000. Legal & General Group Plc boosted its stake in shares of Shoe Carnival by 4.5% in the second quarter. Legal & General Group Plc now owns 46,758 shares of the company’s stock valued at $875,000 after purchasing an additional 1,998 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Shoe Carnival in the fourth quarter valued at approximately $44,000. 66.05% of the stock is currently owned by institutional investors.
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.
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