Zacks Research Downgrades Shoe Carnival (NASDAQ:SHOE) to Strong Sell

Key Points

• Zacks Research downgraded Shoe Carnival to “strong sell” from “hold,” while Wall Street Zen also lowered its rating to “sell.” MarketBeat’s consensus remains “hold,” with a $22.00 price target.
• Shoe Carnival’s latest quarter missed expectations: EPS was $0.23 versus the $0.34 consensus, and revenue totaled $284.31 million versus estimates of $299.19 million. Revenue declined 7.2% year over year, and fiscal 2026 EPS guidance is $0.75–$0.90.
• Shares opened at $13.27, near the lower end of their 12-month range of $10.20 to $24.10. Institutional investors own approximately 66.05% of the company.

Shoe Carnival (NASDAQ:SHOE - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Monday, Zacks reports.

A number of other research analysts have also weighed in on the stock. Wall Street Zen lowered shares of Shoe Carnival from a "hold" rating to a "sell" rating in a research report on Saturday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Shoe Carnival in a research report on Friday. One investment 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 company's stock. According to MarketBeat, Shoe Carnival currently has an average rating of "Hold" and a consensus price target of $22.00.

Shoe Carnival Stock Performance

NASDAQ:SHOE opened at $13.27 on Monday. Shoe Carnival has a 12 month low of $10.20 and a 12 month high of $24.10. The company has a market capitalization of $360.68 million, a price-to-earnings ratio of 15.08 and a beta of 1.40. The company has a 50 day moving average price of $14.74.

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 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 analyst estimates of $299.19 million. Shoe Carnival had a return on equity of 5.32% and a net margin of 2.20%.Shoe Carnival's quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. As a group, research analysts expect that Shoe Carnival will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Shoe Carnival

A number of institutional investors and hedge funds have recently bought and sold shares of SHOE. Huntington National Bank grew its position in Shoe Carnival by 45.5% in the 4th quarter. Huntington National Bank now owns 2,169 shares of the company's stock worth $37,000 after purchasing an additional 678 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Shoe Carnival during the second quarter valued at about $46,000. Legal & General Group Plc acquired a new position in shares of Shoe Carnival during the second quarter valued at about $56,000. State of Wyoming bought a new stake in shares of Shoe Carnival in the second quarter valued at about $61,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Shoe Carnival in the second quarter valued at about $152,000. Institutional investors own 66.05% of the company's stock.

About Shoe Carnival

Shoe Carnival, Inc is a family footwear retailer that sells shoes, sandals, boots, athletic footwear, accessories and related products for women, men and children. Its merchandise assortment includes national brands as well as private-label products, with offerings spanning casual, dress, work and athletic categories.

The company operates through a network of retail stores and an e-commerce platform, serving customers primarily in the United States. Shoe Carnival emphasizes value-oriented pricing, frequent promotions and an in-store shopping experience designed to appeal to families and budget-conscious consumers.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded through organic growth and acquisitions, including its purchase of Shoe Station.

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