Shoe Carnival (NASDAQ:SHOE) Issues Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Shoe Carnival (NASDAQ:SHOE - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.09), Zacks reports. The company had revenue of $284.31 million for the quarter, compared to analysts' expectations of $297.63 million. Shoe Carnival had a return on equity of 7.24% and a net margin of 3.31%.The company's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. Shoe Carnival updated its FY 2026 guidance to 0.750-0.900 EPS.

Shoe Carnival Stock Performance

SHOE stock opened at $12.93 on Thursday. The company has a market cap of $351.05 million, a price-to-earnings ratio of 9.58 and a beta of 1.40. The firm's fifty day simple moving average is $14.91. Shoe Carnival has a 52 week low of $12.63 and a 52 week high of $24.21.

Hedge Funds Weigh In On Shoe Carnival

A number of hedge funds have recently modified their holdings of SHOE. Virtu Financial LLC purchased a new stake in Shoe Carnival in the fourth quarter worth $172,000. Empowered Funds LLC lifted its position in shares of Shoe Carnival by 10.6% in the 4th quarter. Empowered Funds LLC now owns 121,540 shares of the company's stock worth $2,052,000 after purchasing an additional 11,669 shares during the period. XTX Topco Ltd bought a new stake in shares of Shoe Carnival during the 4th quarter valued at about $510,000. Tudor Investment Corp ET AL purchased a new position in shares of Shoe Carnival during the fourth quarter valued at about $634,000. Finally, Man Group plc increased its position in shares of Shoe Carnival by 16.1% during the fourth quarter. Man Group plc now owns 26,056 shares of the company's stock valued at $440,000 after buying an additional 3,604 shares during the period. Hedge funds and other institutional investors own 66.05% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Zacks Research lowered Shoe Carnival from a "strong-buy" rating to a "hold" rating in a report on Friday, June 12th. Weiss Ratings started coverage on Shoe Carnival in a research note on Monday, June 15th. They issued a "hold (c-)" rating for the company. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.00.

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.