Shoe Carnival, Inc. (NASDAQ:SCVL) Receives Consensus Recommendation of "Reduce" from Analysts

Key Points

• Shoe Carnival, Inc. (NASDAQ:SCVL) has received a consensus recommendation of "Reduce" from analysts, with one sell rating and two hold ratings issued by research firms.
• Despite reporting earnings per share of $0.70 for the last quarter, which exceeded expectations, the company's revenue decreased by 7.9% year-over-year, falling short of analysts' estimates.
• The company has declared a quarterly dividend of $0.15 per share, set to be paid on October 20th, providing an annualized yield of 2.7% to investors.

Shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report) have earned a consensus recommendation of "Reduce" from the three research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and two have given a hold rating to the company.

A number of brokerages recently commented on SCVL. Zacks Research lowered shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Wall Street Zen upgraded shares of Shoe Carnival from a "sell" rating to a "hold" rating in a report on Friday, September 26th. Weiss Ratings restated a "hold (c)" rating on shares of Shoe Carnival in a report on Saturday, September 27th. Finally, Seaport Res Ptn lowered shares of Shoe Carnival from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th.

Shoe Carnival Price Performance

Shares of NASDAQ SCVL traded up $0.62 during midday trading on Friday, reaching $22.23. 417,751 shares of the stock were exchanged, compared to its average volume of 474,060. The business has a 50-day simple moving average of $21.78 and a two-hundred day simple moving average of $20.45. The company has a market capitalization of $608.50 million, a price-to-earnings ratio of 9.79 and a beta of 1.37. Shoe Carnival has a 12 month low of $16.14 and a 12 month high of $42.28.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The company had revenue of $306.39 million for the quarter, compared to analysts' expectations of $318.31 million. During the same period last year, the firm posted $0.83 earnings per share. The business's quarterly revenue was down 7.9% compared to the same quarter last year. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. Equities research analysts expect that Shoe Carnival will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, October 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, October 6th. Shoe Carnival's dividend payout ratio is presently 26.43%.

Institutional Investors Weigh In On Shoe Carnival

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its holdings in shares of Shoe Carnival by 33.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,923 shares of the company's stock valued at $36,000 after purchasing an additional 486 shares during the period. North Star Investment Management Corp. grew its stake in Shoe Carnival by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 55,892 shares of the company's stock valued at $1,229,000 after buying an additional 750 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Shoe Carnival by 8.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 10,567 shares of the company's stock valued at $196,000 after buying an additional 779 shares during the last quarter. Comerica Bank boosted its holdings in Shoe Carnival by 6.7% in the 1st quarter. Comerica Bank now owns 14,835 shares of the company's stock valued at $326,000 after purchasing an additional 935 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in Shoe Carnival by 6.1% in the 2nd quarter. Prudential Financial Inc. now owns 18,768 shares of the company's stock valued at $351,000 after purchasing an additional 1,072 shares during the period. Institutional investors own 66.05% of the company's stock.

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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