Shoe Carnival (NASDAQ:SCVL) Issues FY 2025 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 1.600-2.10 for the period, compared to the consensus EPS estimate of 1.940. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Shoe Carnival Price Performance

Shares of NASDAQ SCVL traded up $0.81 during mid-day trading on Friday, reaching $19.25. The company's stock had a trading volume of 1,526,913 shares, compared to its average volume of 404,096. The firm has a market capitalization of $526.14 million, a PE ratio of 7.08 and a beta of 1.41. The stock has a fifty day moving average of $19.08 and a two-hundred day moving average of $25.54. Shoe Carnival has a 52 week low of $16.14 and a 52 week high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its earnings results on Friday, May 30th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The company had revenue of $277.72 million for the quarter, compared to the consensus estimate of $285.16 million. During the same period in the previous year, the business earned $0.64 earnings per share. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. Analysts anticipate that Shoe Carnival will post 2.6 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.12%. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date was Monday, April 7th. Shoe Carnival's dividend payout ratio is presently 22.39%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC boosted its position 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 worth $7,076,000 after purchasing an additional 219,918 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Shoe Carnival by 367.2% in the 1st quarter. AQR Capital Management LLC now owns 52,303 shares of the company's stock worth $1,150,000 after purchasing an additional 41,108 shares in the last quarter. Royal Bank of Canada boosted its position in shares of 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 purchasing an additional 9,298 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of 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 in 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.