Shoe Carnival (NASDAQ:SCVL) Releases Quarterly Earnings Results

Key Points

• Shoe Carnival reported a quarterly earnings per share (EPS) of $0.70, exceeding estimates by $0.09, but experienced a 7.9% decrease in revenue year-over-year.
• The company updated its fiscal year 2025 EPS guidance range to $1.70 to $2.10.
• Shoe Carnival's dividends are set at $0.15 quarterly, resulting in an annual yield of 2.8% with a payout ratio of 25.10%.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.09, RTT News reports. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The firm had revenue of $306.39 million during the quarter, compared to the consensus estimate of $318.31 million. During the same period in the prior year, the firm earned $0.83 EPS. The business's revenue was down 7.9% on a year-over-year basis. Shoe Carnival updated its FY 2025 guidance to 1.700-2.10 EPS.

Shoe Carnival Trading Down 2.4%

Shares of NASDAQ:SCVL traded down $0.59 during trading on Tuesday, hitting $23.71. 171,931 shares of the company's stock were exchanged, compared to its average volume of 492,639. Shoe Carnival has a 1-year low of $16.14 and a 1-year high of $46.92. The firm has a 50-day moving average price of $21.33 and a two-hundred day moving average price of $20.39. The firm has a market cap of $648.09 million, a P/E ratio of 10.44 and a beta of 1.35.

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were given a dividend of $0.15 per share. The ex-dividend date was Monday, July 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. Shoe Carnival's payout ratio is currently 26.43%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Shoe Carnival from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Seaport Res Ptn downgraded shares of Shoe Carnival from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Zacks Research cut shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce".

Institutional Investors Weigh In On Shoe Carnival

Large investors have recently bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in Shoe Carnival by 37.9% during the second quarter. Wasatch Advisors LP now owns 366,653 shares of the company's stock worth $6,860,000 after acquiring an additional 100,832 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Shoe Carnival by 35.0% during the second quarter. Cubist Systematic Strategies LLC now owns 321,840 shares of the company's stock worth $6,022,000 after acquiring an additional 83,360 shares in the last quarter. Millennium Management LLC raised its position in Shoe Carnival by 215.9% during the first quarter. Millennium Management LLC now owns 321,764 shares of the company's stock worth $7,076,000 after acquiring an additional 219,918 shares in the last quarter. Bridgeway Capital Management LLC raised its position in Shoe Carnival by 1.5% during the second quarter. Bridgeway Capital Management LLC now owns 248,387 shares of the company's stock worth $4,647,000 after acquiring an additional 3,736 shares in the last quarter. Finally, Jump Financial LLC increased its holdings in shares of Shoe Carnival by 1,050.1% in the second quarter. Jump Financial LLC now owns 173,670 shares of the company's stock valued at $3,249,000 after purchasing an additional 158,570 shares during the last quarter. Institutional investors own 66.05% of the company's stock.

About Shoe Carnival

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.