Shoe Carnival (NASDAQ:SHOE) Releases FY 2026 Earnings Guidance

Key Points

• Shoe Carnival issued FY 2026 guidance of EPS between $0.75 and $0.90 and revenue of approximately $1.1 billion.
• The company recently missed quarterly expectations, reporting $0.22 EPS versus the $0.32 consensus and revenue of $284.31 million versus $297.63 million expected.
• Analyst sentiment is mixed but remains a Moderate Buy overall, with a consensus price target of $22.00; institutional investors own 66.05% of the company.

Shoe Carnival (NASDAQ:SHOE - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.750-0.900 for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion.

Analyst Ratings Changes

SHOE has been the topic of a number of research analyst reports. Weiss Ratings assumed coverage on Shoe Carnival in a research note on Monday, June 15th. They issued a "hold (c-)" rating on the stock. Zacks Research downgraded Shoe Carnival from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Shoe Carnival has a consensus rating of "Moderate Buy" and an average price target of $22.00.

Shoe Carnival Price Performance

SHOE opened at $12.93 on Thursday. The firm's 50 day simple moving average is $14.91. Shoe Carnival has a one year low of $12.63 and a one year high of $24.21. The company has a market cap of $351.05 million, a price-to-earnings ratio of 9.58 and a beta of 1.40.

Shoe Carnival (NASDAQ:SHOE - Get Free Report) last announced its earnings results on Thursday, September 10th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.10). The company had revenue of $284.31 million for the quarter, compared to the consensus estimate of $297.63 million. Shoe Carnival had a net margin of 3.31% and a return on equity of 7.24%. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. On average, analysts anticipate that Shoe Carnival will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHOE. Global Retirement Partners LLC bought a new position in shares of Shoe Carnival during the 4th quarter valued at $28,000. Kestra Advisory Services LLC purchased a new position in shares of Shoe Carnival during the 4th quarter valued at about $44,000. Los Angeles Capital Management LLC bought a new position in shares of Shoe Carnival in the fourth quarter worth approximately $86,000. Wilmington Savings Fund Society FSB bought a new position in Shoe Carnival in the 4th quarter worth $137,000. Finally, Raymond James Financial Inc. bought a new position in shares of Shoe Carnival in the second quarter worth about $146,000. Institutional investors own 66.05% of the company's stock.

About Shoe Carnival

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.

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