Q2 EPS Estimates for Shoe Carnival Cut by Seaport Res Ptn

Key Points

• Seaport Res Ptn has cut Shoe Carnival's Q2 2026 earnings estimates from $0.60 to $0.55 per share, maintaining a "Hold" rating for the stock.
• Zacks Research downgraded Shoe Carnival from a "hold" rating to a "strong sell" rating, contributing to a mixed analyst sentiment with a consensus rating of "Hold."
• The company recently declared a quarterly dividend of $0.15 per share, translating to an annualized yield of 2.7%.

Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) - Research analysts at Seaport Res Ptn dropped their Q2 2026 earnings estimates for Shoe Carnival in a research report issued on Tuesday, August 26th. Seaport Res Ptn analyst M. Kummetz now expects that the company will post earnings per share of $0.55 for the quarter, down from their previous estimate of $0.60. Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for Shoe Carnival's current full-year earnings is $2.60 per share. Seaport Res Ptn also issued estimates for Shoe Carnival's Q3 2026 earnings at $0.50 EPS, FY2026 earnings at $1.75 EPS and FY2028 earnings at $2.56 EPS.

Separately, Zacks Research downgraded Shoe Carnival from a "hold" rating to a "strong sell" rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Shoe Carnival has a consensus rating of "Hold" and an average target price of $51.00.

Shoe Carnival Stock Performance

NASDAQ SCVL opened at $21.99 on Thursday. Shoe Carnival has a twelve month low of $16.14 and a twelve month high of $46.92. The stock has a market cap of $601.21 million, a PE ratio of 9.20 and a beta of 1.46. The firm has a 50-day simple moving average of $20.76 and a 200 day simple moving average of $20.52.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings results on Friday, May 30th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. The firm had revenue of $277.72 million during the quarter, compared to the consensus estimate of $285.16 million. During the same period in the prior year, the firm earned $0.64 EPS. The business's revenue was down 7.6% on a year-over-year basis. Shoe Carnival has set its FY 2025 guidance at 1.600-2.10 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board boosted its holdings in Shoe Carnival by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 60,134 shares of the company's stock valued at $1,125,000 after purchasing an additional 4,135 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Shoe Carnival by 20.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 15,959 shares of the company's stock worth $298,000 after buying an additional 2,673 shares during the period. Tower Research Capital LLC TRC boosted its stake in Shoe Carnival by 972.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 28,146 shares of the company's stock valued at $527,000 after buying an additional 25,522 shares in the last quarter. Wasatch Advisors LP grew its position in Shoe Carnival by 37.9% in the second quarter. Wasatch Advisors LP now owns 366,653 shares of the company's stock valued at $6,860,000 after acquiring an additional 100,832 shares during the period. Finally, Snowden Capital Advisors LLC grew its position in Shoe Carnival by 38.2% in the second quarter. Snowden Capital Advisors LLC now owns 18,728 shares of the company's stock valued at $350,000 after acquiring an additional 5,179 shares during the period. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. Shoe Carnival's payout ratio is presently 25.10%.

Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.

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