Shoe Carnival (NASDAQ:SCVL) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Shoe Carnival (NASDAQ:SCVL - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.04, RTT News reports. The business had revenue of $277.72 million for the quarter, compared to the consensus estimate of $285.16 million. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The business's revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. Shoe Carnival updated its FY 2025 guidance to 1.600-2.10 EPS.

Shoe Carnival Trading Up 1.3%

SCVL traded up $0.25 during mid-day trading on Tuesday, hitting $19.58. 148,483 shares of the stock were exchanged, compared to its average volume of 404,660. The company has a market cap of $535.16 million, a PE ratio of 7.20 and a beta of 1.41. The firm's fifty day moving average is $19.03 and its two-hundred day moving average is $25.35. Shoe Carnival has a 1-year low of $16.14 and a 1-year high of $46.92.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Monday, April 7th. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. Shoe Carnival's payout ratio is currently 25.10%.

Institutional Trading of Shoe Carnival

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in Shoe Carnival by 367.2% during the 1st quarter. AQR Capital Management LLC now owns 52,303 shares of the company's stock worth $1,150,000 after buying an additional 41,108 shares in the last quarter. Royal Bank of Canada increased its holdings in Shoe Carnival by 13.0% during the 1st quarter. Royal Bank of Canada now owns 80,923 shares of the company's stock worth $1,779,000 after purchasing an additional 9,298 shares during the period. Empowered Funds LLC raised its position in Shoe Carnival by 3.0% in the 1st quarter. Empowered Funds LLC now owns 140,151 shares of the company's stock valued at $3,082,000 after purchasing an additional 4,108 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Shoe Carnival by 215.9% in the 1st quarter. Millennium Management LLC now owns 321,764 shares of the company's stock valued at $7,076,000 after buying an additional 219,918 shares during the period. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

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.