Shoe Carnival (NASDAQ:SCVL – Get Free Report) issued an update on its third quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 0.530-0.530 for the period, compared to the consensus EPS estimate of 0.510. The company issued revenue guidance of $297.2 million-$297.2 million, compared to the consensus revenue estimate of $295.5 million.
Analyst Ratings Changes
A number of research firms have recently commented on SCVL. Zacks Research upgraded Shoe Carnival from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Shoe Carnival in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Seaport Res Ptn downgraded Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on SCVL
Shoe Carnival Stock Up 5.4%
Shoe Carnival (NASDAQ:SCVL – Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The firm had revenue of $306.39 million for the quarter, compared to analyst estimates of $318.31 million. During the same period last year, the company posted $0.83 EPS. Shoe Carnival’s quarterly revenue was down 7.9% compared to the same quarter last year. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. Equities analysts predict that Shoe Carnival will post 2.6 EPS for the current fiscal year.
Shoe Carnival Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, October 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, October 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. Shoe Carnival’s dividend payout ratio (DPR) is currently 26.43%.
Insider Buying and Selling at Shoe Carnival
In other Shoe Carnival news, Director Andrea R. Guthrie sold 2,477 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $20.20, for a total transaction of $50,035.40. Following the sale, the director directly owned 24,405 shares in the company, valued at approximately $492,981. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 35.50% of the stock is currently owned by company insiders.
Institutional Trading of Shoe Carnival
A number of hedge funds have recently made changes to their positions in the company. Millennium Management LLC raised its holdings in Shoe Carnival by 215.9% during the 1st 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 during the last quarter. Jump Financial LLC increased its holdings in shares of Shoe Carnival by 1,050.1% during the second quarter. Jump Financial LLC now owns 173,670 shares of the company’s stock worth $3,249,000 after purchasing an additional 158,570 shares during the period. Gabelli Funds LLC bought a new stake in shares of Shoe Carnival during the 2nd quarter worth $2,615,000. Maverick Capital Ltd. bought a new position in Shoe Carnival in the 2nd quarter valued at approximately $1,901,000. Finally, Wasatch Advisors LP raised its position in shares of Shoe Carnival by 37.9% in the 2nd quarter. Wasatch Advisors LP now owns 366,653 shares of the company’s stock worth $6,860,000 after acquiring an additional 100,832 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.
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.
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