Shoe Carnival (NASDAQ:SHOE) Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Shoe Carnival from “hold” to “sell.” Across analysts, the stock’s consensus rating remains “hold,” with an average price target of $22.
• Shoe Carnival’s latest quarter fell short of expectations: EPS was $0.23 versus $0.34 expected, and revenue was $284.31 million versus $299.19 million expected. Revenue declined 7.2% year over year.
• The company set fiscal 2026 EPS guidance of $0.75–$0.90; analysts expect $0.85 per share for the current fiscal year.

Shoe Carnival (NASDAQ:SHOE - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Other equities analysts have also issued reports about the company. Weiss Ratings raised Shoe Carnival from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, October 28th. Zacks Research cut Shoe Carnival from a "hold" rating to a "strong sell" rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $22.00.

Shoe Carnival Stock Down 4.2%

SHOE stock opened at $14.54 on Friday. Shoe Carnival has a fifty-two week low of $10.20 and a fifty-two week high of $21.61. The company has a market cap of $395.20 million, a PE ratio of 16.52 and a beta of 1.36. The stock's fifty day moving average price is $13.51.

Shoe Carnival (NASDAQ:SHOE - Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.11). The company had revenue of $284.31 million during the quarter, compared to analyst estimates of $299.19 million. Shoe Carnival had a net margin of 2.20% and a return on equity of 5.32%. The business's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Equities research analysts expect that Shoe Carnival will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Shoe Carnival in the 2nd quarter valued at about $29,007,000. State Street Corp bought a new stake in Shoe Carnival in the 2nd quarter valued at about $6,373,000. Empowered Funds LLC acquired a new position in Shoe Carnival during the 2nd quarter worth approximately $1,682,000. Jefferies Financial Group Inc. acquired a new position in Shoe Carnival during the 2nd quarter worth approximately $1,606,000. Finally, Denali Advisors LLC acquired a new position in Shoe Carnival during the 2nd quarter worth approximately $1,074,000. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Company Profile

Shoe Carnival, Inc is a U.S.-based family footwear retailer that sells shoes, apparel and accessories through its stores and e-commerce channels. Its merchandise assortment includes athletic and casual footwear, dress shoes, boots, sandals, handbags and related accessories for women, men and children.

The company offers products from nationally recognized brands as well as selected private-label merchandise. Shoe Carnival emphasizes a promotional shopping experience, with discounts, seasonal offers and other in-store and online promotions.

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