Shoe Carnival (NASDAQ:SCVL) Releases FY 2026 Earnings Guidance

Key Points

• Shoe Carnival updated FY2026 guidance, forecasting EPS of $1.40–$1.60 versus the consensus of $1.73, while revenue guidance of $1.1 billion matched estimates, signaling a modest earnings reset.
• The company raised its quarterly dividend to $0.17 (annualized $0.68) from $0.15, implying a ~3.9% yield with an ex-dividend date of April 6.
• Shoe Carnival’s board approved a $50 million share buyback plan (up to 9.9% of shares) and CFO W. Kerry Jackson purchased 31,000 shares (~$500k), indicating insider confidence in the stock.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.400-1.600 for the period, compared to the consensus estimate of 1.730. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Shoe Carnival in a report on Friday, March 27th. Williams Trading set a $22.00 price target on shares of Shoe Carnival in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Shoe Carnival Stock Performance

NASDAQ SCVL traded up $0.75 on Thursday, reaching $17.55. The company's stock had a trading volume of 271,859 shares, compared to its average volume of 420,425. Shoe Carnival has a twelve month low of $15.04 and a twelve month high of $26.57. The stock has a market cap of $481.96 million, a PE ratio of 9.23 and a beta of 1.36. The firm's 50 day moving average is $18.73 and its two-hundred day moving average is $18.69.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data on Thursday, March 26th. The company reported $0.33 EPS for the quarter, meeting analysts' consensus estimates of $0.33. Shoe Carnival had a net margin of 4.60% and a return on equity of 7.75%. The company had revenue of $254.07 million during the quarter, compared to analyst estimates of $255.83 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The business's quarterly revenue was down 3.3% on a year-over-year basis. Equities research analysts anticipate that Shoe Carnival will post 2.6 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Monday, April 6th will be paid a dividend of $0.17 per share. This is a boost from Shoe Carnival's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, April 6th. Shoe Carnival's payout ratio is currently 31.58%.

Shoe Carnival announced that its board has approved a share repurchase plan on Friday, December 12th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase up to 9.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other Shoe Carnival news, CFO W Kerry Jackson bought 31,000 shares of the company's stock in a transaction dated Thursday, April 2nd. The shares were bought at an average price of $16.13 per share, for a total transaction of $500,030.00. Following the acquisition, the chief financial officer directly owned 215,529 shares of the company's stock, valued at approximately $3,476,482.77. This trade represents a 16.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 35.50% of the company's stock.

Hedge Funds Weigh In On Shoe Carnival

A number of large investors have recently made changes to their positions in SCVL. Millennium Management LLC increased its holdings 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 purchasing an additional 219,918 shares during the period. Jane Street Group LLC increased its holdings in shares of Shoe Carnival by 341.9% in the 4th quarter. Jane Street Group LLC now owns 205,942 shares of the company's stock valued at $3,476,000 after purchasing an additional 159,339 shares during the period. Jump Financial LLC increased its holdings in Shoe Carnival by 1,050.1% in the second quarter. Jump Financial LLC now owns 173,670 shares of the company's stock worth $3,249,000 after buying an additional 158,570 shares during the last quarter. Gabelli Funds LLC acquired a new position in Shoe Carnival in the second quarter worth approximately $2,615,000. Finally, BNP Paribas Financial Markets increased its holdings in Shoe Carnival by 179.1% in the third quarter. BNP Paribas Financial Markets now owns 194,045 shares of the company's stock worth $4,034,000 after buying an additional 124,510 shares during the last quarter. Institutional investors and hedge funds own 66.05% of the company's stock.

About Shoe Carnival

Shoe Carnival, Inc NASDAQ: SCVL is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.

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