Seaport Res Ptn Reduces Earnings Estimates for Shoe Carnival

Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) - Stock analysts at Seaport Res Ptn dropped their Q2 2026 earnings estimates for shares of Shoe Carnival in a research note issued on Tuesday, May 27th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will earn $0.53 per share for the quarter, down from their prior forecast of $0.61. 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, Q4 2026 earnings at $0.31 EPS, FY2026 earnings at $1.60 EPS, FY2027 earnings at $1.60 EPS and FY2028 earnings at $2.69 EPS.

Shoe Carnival Stock Up 4.4%

Shoe Carnival stock traded up $0.81 during midday trading on Thursday, reaching $19.25. The stock had a trading volume of 1,526,913 shares, compared to its average volume of 403,476. Shoe Carnival has a 52-week low of $16.14 and a 52-week high of $46.92. The firm has a market cap of $526.14 million, a price-to-earnings ratio of 7.08 and a beta of 1.41. The company has a fifty day moving average of $19.08 and a 200 day moving average of $25.62.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data on Friday, May 30th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The company had revenue of $277.72 million for the quarter, compared to analyst estimates of $285.16 million. During the same period in the prior year, the company posted $0.64 EPS. The firm's revenue for the quarter was down 7.6% on a year-over-year basis.

Hedge Funds Weigh In On Shoe Carnival

Institutional investors have recently modified their holdings of the stock. NBC Securities Inc. increased its position in shares of Shoe Carnival by 145,700.0% during the first quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock worth $32,000 after acquiring an additional 1,457 shares during the period. Versant Capital Management Inc purchased a new position in shares of Shoe Carnival during the first quarter worth approximately $33,000. GAMMA Investing LLC increased its position in shares of Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock worth $55,000 after acquiring an additional 2,012 shares during the period. CWM LLC increased its position in shares of Shoe Carnival by 188.3% during the first quarter. CWM LLC now owns 3,883 shares of the company's stock worth $85,000 after acquiring an additional 2,536 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Shoe Carnival during the fourth quarter worth approximately $99,000. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, April 7th. This is a positive change from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.12%. Shoe Carnival's dividend payout ratio (DPR) is 22.39%.

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.