Shoe Carnival (NASDAQ:SHOE) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Shoe Carnival from “sell” to “hold,” while analyst sentiment remains mixed. MarketBeat reports a consensus “Hold” rating and an average price target of $22.00.
• Shoe Carnival reported weaker-than-expected quarterly results, with EPS of $0.23 versus the $0.34 consensus estimate and revenue of $284.31 million versus expectations of $299.19 million. Revenue fell 7.2% year over year, and the company issued fiscal 2026 EPS guidance of $0.75–$0.90.
• The stock opened at $14.66, with a market capitalization of approximately $398.46 million and a 52-week range of $10.20 to $21.61. Institutional investors own 66.05% of the company, with several funds increasing their positions recently.

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

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

Shoe Carnival Price Performance

NASDAQ SHOE opened at $14.66 on Friday. The stock has a market cap of $398.46 million, a price-to-earnings ratio of 16.66 and a beta of 1.37. The company's 50-day moving average is $13.49. Shoe Carnival has a fifty-two week low of $10.20 and a fifty-two week high of $21.61.

Shoe Carnival (NASDAQ:SHOE - Get Free Report) last issued its earnings results on Thursday, September 10th. The company reported $0.23 EPS 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 analysts' expectations of $299.19 million. Shoe Carnival had a return on equity of 5.32% and a net margin of 2.20%. The firm's quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Sell-side analysts expect that Shoe Carnival will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On Shoe Carnival

Several institutional investors and hedge funds have recently modified their holdings of SHOE. State of Wyoming raised its position in shares of Shoe Carnival by 125.1% during the 3rd quarter. State of Wyoming now owns 9,285 shares of the company's stock worth $119,000 after purchasing an additional 5,160 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in Shoe Carnival by 22.6% in the 3rd quarter. North Star Investment Management Corp. now owns 135,000 shares of the company's stock worth $1,727,000 after buying an additional 24,925 shares during the last quarter. Signaturefd LLC boosted its holdings in Shoe Carnival by 225.3% in the 3rd quarter. Signaturefd LLC now owns 7,657 shares of the company's stock worth $98,000 after buying an additional 5,303 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Shoe Carnival by 500,000.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 5,001 shares of the company's stock worth $64,000 after buying an additional 5,000 shares during the last quarter. Finally, Copeland Capital Management LLC increased its stake in Shoe Carnival by 94.1% during the 3rd quarter. Copeland Capital Management LLC now owns 7,157 shares of the company's stock worth $92,000 after buying an additional 3,469 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 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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