Shoe Carnival, Inc. (SCVL) To Go Ex-Dividend on January 12th

Shoe Carnival, Inc. (NASDAQ:SCVL) announced a quarterly dividend on Friday, December 12th. Shareholders of record on Monday, January 12th will be given a dividend of 0.15 per share on Monday, January 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, January 12th.

Shoe Carnival has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Shoe Carnival has a payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Shoe Carnival to earn $2.93 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.5%.

Shoe Carnival Trading Up 1.9%

NASDAQ SCVL opened at $18.74 on Friday. Shoe Carnival has a 12 month low of $15.21 and a 12 month high of $36.94. The business’s 50-day moving average price is $18.17 and its two-hundred day moving average price is $20.04. The firm has a market capitalization of $513.10 million, a PE ratio of 8.92 and a beta of 1.32.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, November 20th. The company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $297.16 million during the quarter, compared to the consensus estimate of $295.25 million. Shoe Carnival had a return on equity of 8.75% and a net margin of 5.06%.The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.800-2.100 EPS. As a group, analysts forecast that Shoe Carnival will post 2.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SCVL shares. Seaport Res Ptn lowered Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Wall Street Zen raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Shoe Carnival in a research note on Monday, December 8th. Finally, Zacks Research cut shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Shoe Carnival presently has a consensus rating of “Hold”.

Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.