Shoe Carnival (NASDAQ:SCVL) Updates FY 2026 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.400-1.600 for the period, compared to the consensus estimate of 1.480. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Shoe Carnival Stock Performance

Shares of SCVL opened at $17.46 on Friday. Shoe Carnival has a 52-week low of $14.91 and a 52-week high of $26.57. The stock’s 50-day simple moving average is $17.24 and its 200 day simple moving average is $18.12. The stock has a market capitalization of $479.80 million, a price-to-earnings ratio of 13.04 and a beta of 1.44.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Shoe Carnival had a return on equity of 7.24% and a net margin of 3.31%.The firm had revenue of $270.73 million for the quarter, compared to analysts’ expectations of $268.73 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. On average, research analysts forecast that Shoe Carnival will post 1.5 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 6th were paid a $0.17 dividend. The ex-dividend date was Monday, April 6th. This represents a $0.68 annualized dividend and a yield of 3.9%. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.15. Shoe Carnival’s dividend payout ratio is currently 50.37%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SCVL. Williams Trading set a $22.00 price target on shares of Shoe Carnival in a research report on Thursday, February 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Shoe Carnival in a research note on Friday, March 27th. Finally, Zacks Research upgraded Shoe Carnival from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shoe Carnival presently has a consensus rating of “Buy” and a consensus price target of $22.00.

Insider Buying and Selling at Shoe Carnival

In related news, CFO W Kerry Jackson acquired 31,000 shares of the stock in a transaction dated Thursday, April 2nd. The shares were purchased at an average price of $16.13 per share, for a total transaction of $500,030.00. Following the transaction, the chief financial officer owned 215,529 shares in the company, valued at $3,476,482.77. This represents a 16.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 33.60% of the company’s stock.

Hedge Funds Weigh In On Shoe Carnival

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Shoe Carnival in the 4th quarter worth approximately $172,000. Empowered Funds LLC raised its stake in shares of Shoe Carnival by 10.6% during the fourth quarter. Empowered Funds LLC now owns 121,540 shares of the company’s stock worth $2,052,000 after acquiring an additional 11,669 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Shoe Carnival during the fourth quarter worth approximately $510,000. Tudor Investment Corp ET AL bought a new stake in shares of Shoe Carnival in the 4th quarter worth approximately $634,000. Finally, Man Group plc boosted its stake in shares of Shoe Carnival by 16.1% in the 4th quarter. Man Group plc now owns 26,056 shares of the company’s stock valued at $440,000 after purchasing an additional 3,604 shares in the last quarter. 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.