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

Shoe Carnival (NASDAQ:SCVL - Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04, RTT News reports. 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 during the quarter, compared to analyst estimates of $285.16 million. During the same period in the prior year, the business posted $0.64 EPS. The business's revenue for the quarter was down 7.6% compared to the same quarter last year. Shoe Carnival updated its FY 2025 guidance to 1.600-2.10 EPS.

Shoe Carnival Stock Up 4.4%

NASDAQ:SCVL traded up $0.81 during trading hours on Friday, reaching $19.25. 1,526,913 shares of the company's stock were exchanged, compared to its average volume of 404,096. The company has a market capitalization of $526.14 million, a P/E ratio of 7.08 and a beta of 1.41. Shoe Carnival has a 12 month low of $16.14 and a 12 month high of $46.92. The business's 50-day simple moving average is $19.08 and its two-hundred day simple moving average is $25.54.

Shoe Carnival Increases Dividend

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

Institutional Trading of Shoe Carnival

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

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.