Stock Traders Purchase High Volume of Shoe Carnival Put Options (NASDAQ:SHOE)

Posted by on Sep 11th, 2026

Shoe Carnival, Inc. (NASDAQ:SHOE – Get Free Report) saw unusually large options trading on Friday. Stock investors purchased 5,887 put options on the company. This represents an increase of approximately 342% compared to the average daily volume of 1,333 put options.

More Shoe Carnival News

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

  • Positive Sentiment: Shoe Carnival maintained fiscal 2026 EPS guidance of $0.75 to $0.90, providing some support for the shares despite the quarterly miss. Shoe Carnival fiscal 2026 results and guidance
  • Neutral Sentiment: Reported short interest was listed at zero shares, implying no measurable short-selling pressure or potential short-covering catalyst in the latest data.
  • Negative Sentiment: Quarterly EPS was $0.23, below consensus estimates of approximately $0.32-$0.34 and sharply lower than $0.70 a year earlier. Shoe Carnival quarterly earnings report
  • Negative Sentiment: Revenue declined 7.2% year over year to $284.31 million, missing analyst expectations of roughly $297.6 million to $299.2 million. The combination of weaker sales and lower profitability raises concerns about consumer demand and promotional activity.
  • Negative Sentiment: With a net margin of only 3.31% and return on equity of 7.24%, the results point to limited earnings visibility. The earnings miss reinforces investor concerns about margin pressure and the company’s ability to reach its full-year target.

Shoe Carnival Stock Up 2.8%

NASDAQ SHOE traded up $0.34 during trading hours on Friday, hitting $12.62. 390,181 shares of the company’s stock traded hands, compared to its average volume of 565,395. The company’s 50-day moving average is $14.86. The company has a market cap of $342.61 million, a P/E ratio of 9.30 and a beta of 1.40. Shoe Carnival has a 52-week low of $10.20 and a 52-week high of $24.10.

Shoe Carnival (NASDAQ:SHOE – Get Free Report) last announced its quarterly earnings data on Thursday, September 10th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). The company 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 7.24% and a net margin of 3.31%.The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. On average, equities research analysts predict that Shoe Carnival will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Shoe Carnival

A number of hedge funds have recently modified their holdings of SHOE. Royal Bank of Canada increased its holdings in shares of Shoe Carnival by 13.0% during the 1st quarter. Royal Bank of Canada now owns 80,923 shares of the company’s stock worth $1,779,000 after buying an additional 9,298 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Shoe Carnival by 367.2% in the 1st quarter. AQR Capital Management LLC now owns 52,303 shares of the company’s stock valued at $1,150,000 after buying an additional 41,108 shares during the period. Millennium Management LLC lifted its position in shares of Shoe Carnival by 215.9% during the first quarter. Millennium Management LLC now owns 321,764 shares of the company’s stock worth $7,076,000 after purchasing an additional 219,918 shares in the last quarter. Empowered Funds LLC lifted its holdings in Shoe Carnival by 3.0% during the 1st quarter. Empowered Funds LLC now owns 140,151 shares of the company’s stock worth $3,082,000 after buying an additional 4,108 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in 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. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SHOE shares. Weiss Ratings began coverage on shares of Shoe Carnival in a research report 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 report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.00.

Read Our Latest Analysis on Shoe Carnival

Shoe Carnival Company Profile

(Get Free Report)

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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