Shoe Carnival (NASDAQ:SCVL) Issues Quarterly Earnings Results

Shoe Carnival (NASDAQ:SCVL) announced its quarterly earnings results on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03, Zacks reports. Shoe Carnival had a net margin of 3.31% and a return on equity of 7.24%. The firm had revenue of $270.73 million during the quarter, compared to analysts’ expectations of $268.73 million. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue was down 2.5% on a year-over-year basis.

Here are the key takeaways from Shoe Carnival’s conference call:

• Shoe Carnival said it will close 12-14 underperforming stores in fiscal 2026 and another 6-10 in fiscal 2027, while also taking about $8 million in strategic review charges tied to the reset.
• The company is abandoning a single-banner strategy; Shoe Carnival and Shoe Station will remain permanent, independent concepts serving different customer segments.
• Management said Q1 trends improved at Shoe Carnival, with banner sales down 2.2% and comparable sales down about 1.7%, a notable improvement versus the deeper declines seen through fiscal 2025.
• Shoe Station sales fell 3.1% in the quarter, and the company acknowledged its previously standardized assortment did not resonate in all converted stores, requiring localized merchandising fixes.
• The company reaffirmed fiscal 2026 guidance and highlighted strong liquidity, ending the quarter with $129.3 million in cash and marketable securities, no debt, and continued shareholder returns via dividends and buybacks.

Shoe Carnival Stock Performance

NASDAQ:SCVL opened at $16.66 on Friday. The firm’s fifty day moving average is $17.30 and its 200-day moving average is $18.12. Shoe Carnival has a 52 week low of $14.91 and a 52 week high of $26.57. The firm has a market cap of $457.82 million, a P/E ratio of 12.34 and a beta of 1.44.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 6th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, April 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.15. Shoe Carnival’s payout ratio is currently 35.79%.

Analyst Ratings Changes

SCVL has been the subject of several recent research reports. Williams Trading set a $22.00 price target on shares of Shoe Carnival in a research report on Thursday, February 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Shoe Carnival in a research report on Friday, March 27th. Finally, Zacks Research upgraded shares of Shoe Carnival from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $22.00.

Key Shoe Carnival News

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

• Positive Sentiment: Shoe Carnival posted first-quarter EPS of $0.23, beating the $0.20 consensus, and revenue of $270.7 million also topped estimates. Conference Call / Earnings Report
• Positive Sentiment: Management highlighted improving sales trends, including a 2.2% decline in Shoe Carnival banner sales, which was better than prior fiscal 2025 trends and suggests some stabilization in the business. Q1 2026 Results
• Positive Sentiment: Several market commentaries pointed to the stock’s attractive valuation, with one noting the shares trade at a single-digit earnings multiple ex-cash, which may appeal to value investors if the turnaround continues. Valuation Commentary
• Neutral Sentiment: Despite the beat, revenue still declined 2.5% year over year and EPS was below last year’s $0.34, underscoring that the recovery is still early.
• Negative Sentiment: Some analysts warned the stock could remain volatile because the business is still working through broader retail headwinds and the shares may be vulnerable if momentum fades.

Insider Activity at Shoe Carnival

In other news, CFO W Kerry Jackson acquired 31,000 shares of Shoe Carnival stock in a transaction dated Thursday, April 2nd. The shares were bought at an average cost of $16.13 per share, with a total value of $500,030.00. Following the purchase, the chief financial officer owned 215,529 shares in the company, valued at $3,476,482.77. This trade represents a 16.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 33.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Shoe Carnival by 1.4% during the fourth 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. boosted 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 acquiring an additional 1,072 shares in the last quarter. Global Retirement Partners LLC bought a new position in Shoe Carnival during the fourth quarter worth $28,000. Legal & General Group Plc boosted its stake in Shoe Carnival by 4.5% during the second quarter. Legal & General Group Plc now owns 46,758 shares of the company’s stock worth $875,000 after acquiring an additional 1,998 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Shoe Carnival during the fourth quarter worth $44,000. 66.05% of the stock is owned by institutional investors.

About Shoe Carnival

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.