Shoe Carnival (NASDAQ:SHOE) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Shoe Carnival shares moved above their 200-day moving average, reaching $13.74 before closing at $13.55 on volume of 326,231 shares.
• Analyst sentiment has weakened, with Wall Street Zen, Weiss Ratings and Zacks Research downgrading the stock; the consensus rating is “Hold,” with an average price target of $22.00.
• Recent results were disappointing: quarterly EPS came in at $0.23 versus the $0.34 estimate, while revenue fell 7.2% year over year. The company nevertheless pays a $0.17 quarterly dividend, representing a 5.0% yield.

Shoe Carnival, Inc. (NASDAQ:SHOE - Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $0.00 and traded as high as $13.74. Shoe Carnival shares last traded at $13.55, with a volume of 326,231 shares traded.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wall Street Zen lowered Shoe Carnival from a "hold" rating to a "sell" rating in a report on Saturday, September 12th. Weiss Ratings cut Shoe Carnival from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, October 13th. Finally, Zacks Research downgraded Shoe Carnival from a "hold" rating to a "strong sell" rating in a research note on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $22.00.

Shoe Carnival Stock Performance

The business has a 50-day moving average of $13.65. The company has a market capitalization of $368.34 million, a PE ratio of 15.40 and a beta of 1.37.

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

Shoe Carnival Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, October 6th. Shoe Carnival's dividend payout ratio (DPR) is 77.27%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Shoe Carnival by 269.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,931 shares of the company's stock valued at $25,000 after purchasing an additional 1,408 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Shoe Carnival in the 2nd quarter valued at approximately $46,000. Legal & General Group Plc acquired a new stake in Shoe Carnival in the 2nd quarter valued at approximately $56,000. State of Wyoming bought a new position in Shoe Carnival in the 2nd quarter worth approximately $61,000. Finally, Copeland Capital Management LLC increased its position in Shoe Carnival by 94.1% in the 3rd quarter. Copeland Capital Management LLC now owns 7,157 shares of the company's stock worth $92,000 after buying an additional 3,469 shares during the period. Institutional investors and hedge funds own 66.05% of the company's stock.

About Shoe Carnival

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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