Shoe Carnival (NASDAQ:SHOE) Stock Price Breaks Above Two Hundred Day Moving Average - What's Next?

Key Points

• Shoe Carnival shares rose 3.7%, trading as high as $13.36 and closing at $13.22 as they moved above the reported 200-day moving average.
• Analyst sentiment remains cautious: recent downgrades included “sell” and “strong sell” ratings, while the overall consensus is “Hold” with a $22.00 price target.
• The company missed quarterly earnings and revenue estimates, with EPS of $0.23 and revenue down 7.2% year over year, but declared a $0.17 quarterly dividend representing a 5.1% yield.

Shoe Carnival, Inc. (NASDAQ:SHOE - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $0.00 and traded as high as $13.36. Shoe Carnival shares last traded at $13.22, with a volume of 777,803 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SHOE shares. Wall Street Zen cut shares of Shoe Carnival from a "hold" rating to a "sell" rating in a research note on Saturday, September 12th. Zacks Research downgraded shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a report on Monday, September 14th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Shoe Carnival in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $22.00.

Shoe Carnival Stock Up 3.7%

The company's 50-day moving average price is $13.92. The firm has a market capitalization of $359.32 million, a P/E ratio of 15.02 and a beta of 1.37.

Shoe Carnival (NASDAQ:SHOE - Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.11). Shoe Carnival had a return on equity of 5.32% and a net margin of 2.20%. The business had revenue of $284.31 million for the quarter, compared to analyst estimates of $299.19 million. During the same period in the prior year, the firm posted $0.70 EPS. Shoe Carnival's revenue for the quarter was down 7.2% on a year-over-year basis. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. On average, sell-side analysts forecast that Shoe Carnival, Inc. will post 0.85 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, October 6th. Shoe Carnival's payout ratio is currently 77.27%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Shoe Carnival by 269.2% in the third quarter. GAMMA Investing LLC now owns 1,931 shares of the company's stock worth $25,000 after acquiring an additional 1,408 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Shoe Carnival during the second quarter worth $46,000. Legal & General Group Plc bought a new position in Shoe Carnival during the second quarter worth $56,000. State of Wyoming bought a new position in Shoe Carnival during the second quarter worth $61,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in Shoe Carnival during the second quarter worth $152,000. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Company Profile

Shoe Carnival, Inc NASDAQ: SHOE is a family footwear retailer serving customers through stores and e-commerce. The company offers a broad selection of men's, women's and children's footwear, including athletic, casual, dress and work styles, along with accessories such as handbags, backpacks, socks and shoe care products.

Shoe Carnival sells merchandise from nationally recognized brands and selected private-label brands. Its stores emphasize value-oriented pricing, frequent promotions and a family-friendly shopping experience, while its digital platform allows customers to browse and purchase products online.

Founded in 1978, the company is headquartered in Evansville, Indiana, and operates primarily in the United States.

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