Shoe Carnival (NASDAQ:SHOE) Upgraded to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Shoe Carnival from “Strong Sell” to “Hold.” Analyst views remain mixed, while MarketBeat reports a “Moderate Buy” consensus rating and a $22 average price target.
• The retailer missed quarterly estimates, posting EPS of $0.23 versus $0.34 expected and revenue of $284.31 million versus $299.19 million expected; revenue fell 7.2% year over year.
• Shoe Carnival set fiscal 2026 EPS guidance of $0.75–$0.90, and shares opened at $14.51, within a 52-week range of $10.20–$21.61.

Shoe Carnival (NASDAQ:SHOE - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Tuesday, Zacks reports.

Several other equities research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Shoe Carnival from a "hold" rating to a "sell" rating in a research note on Sunday. Weiss Ratings raised Shoe Carnival from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Shoe Carnival has an average rating of "Moderate Buy" and a consensus target price of $22.00.

Shoe Carnival Stock Down 0.4%

NASDAQ:SHOE opened at $14.51 on Tuesday. 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 $394.38 million, a PE ratio of 16.49 and a beta of 1.36. The firm has a 50-day moving average price of $13.60.

Shoe Carnival (NASDAQ:SHOE - Get Free Report) last issued its quarterly earnings data on Thursday, September 10th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.11). The firm 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Equities analysts expect that Shoe Carnival will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC grew its holdings in shares of Shoe Carnival by 26,100.0% during the third quarter. Global Retirement Partners LLC now owns 5,240 shares of the company's stock valued at $67,000 after buying an additional 5,220 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Shoe Carnival by 2,494.6% in the 3rd quarter. Parallel Advisors LLC now owns 2,880 shares of the company's stock valued at $37,000 after acquiring an additional 2,769 shares during the period. State of Wyoming increased its position in shares of Shoe Carnival by 125.1% in the 3rd quarter. State of Wyoming now owns 9,285 shares of the company's stock valued at $119,000 after acquiring an additional 5,160 shares during the period. North Star Investment Management Corp. increased its position in shares of Shoe Carnival by 22.6% in the 3rd quarter. North Star Investment Management Corp. now owns 135,000 shares of the company's stock valued at $1,727,000 after acquiring an additional 24,925 shares during the period. Finally, Signaturefd LLC increased its position in shares of Shoe Carnival by 225.3% in the 3rd quarter. Signaturefd LLC now owns 7,657 shares of the company's stock valued at $98,000 after acquiring an additional 5,303 shares during the period. Institutional investors and hedge funds own 66.05% of the company's stock.

About Shoe Carnival

Shoe Carnival, Inc. is a U.S. family footwear retailer that sells shoes and related accessories through its stores and e-commerce websites. Its merchandise includes athletic, casual and dress footwear for adults and children, along with select apparel and accessories. The company operates under the Shoe Carnival and Shoe Station brands. Its stores serve customers across multiple regions of the United States, and its online channels extend its reach beyond its physical locations. Founded in 1978, Shoe Carnival is headquartered in Fort Mill, South Carolina.

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