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

Key Points

• Shoe Carnival updated its FY 2025 earnings guidance to an expected earnings per share of 1.700-2.10, slightly below the consensus estimate of 1.750.
• The company reported a net margin of 5.58% and a return on equity of 10.43% in its recent quarterly earnings, despite a 7.9% year-over-year revenue decline.
• Shoe Carnival's stock rose 14.7% following the earnings update, with a current market cap of $675.05 million.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.700-2.10 for the period, compared to the consensus earnings per share estimate of 1.750. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Shoe Carnival Stock Performance

Shares of SCVL traded down $0.78 during midday trading on Tuesday, hitting $23.51. 203,854 shares of the company traded hands, compared to its average volume of 492,847. The firm has a 50 day moving average of $21.33 and a 200-day moving average of $20.39. Shoe Carnival has a 52 week low of $16.14 and a 52 week high of $46.92. The stock has a market cap of $642.74 million, a price-to-earnings ratio of 10.33 and a beta of 1.35.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.61 by $0.09. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The business had revenue of $306.39 million during the quarter, compared to the consensus estimate of $318.31 million. During the same quarter 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 has set its FY 2025 guidance at 1.700-2.10 EPS. Sell-side analysts predict that Shoe Carnival will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.6%. Shoe Carnival's dividend payout ratio (DPR) is presently 26.43%.

Analysts Set New Price Targets

SCVL has been the subject of a number of analyst reports. Zacks Research downgraded shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. 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, Wall Street Zen downgraded shares of Shoe Carnival from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. 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 stock presently has an average rating of "Reduce".

Hedge Funds Weigh In On Shoe Carnival

Several institutional investors have recently bought and sold shares of the business. Public Sector Pension Investment Board grew its holdings in shares of Shoe Carnival by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 60,134 shares of the company's stock valued at $1,125,000 after buying an additional 4,135 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Shoe Carnival by 20.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 15,959 shares of the company's stock worth $298,000 after purchasing an additional 2,673 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Shoe Carnival by 972.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 28,146 shares of the company's stock worth $527,000 after purchasing an additional 25,522 shares during the last quarter. Wasatch Advisors LP raised its holdings in Shoe Carnival by 37.9% in the 2nd quarter. Wasatch Advisors LP now owns 366,653 shares of the company's stock valued at $6,860,000 after acquiring an additional 100,832 shares during the last quarter. Finally, Snowden Capital Advisors LLC raised its holdings in Shoe Carnival by 38.2% in the 2nd quarter. Snowden Capital Advisors LLC now owns 18,728 shares of the company's stock valued at $350,000 after acquiring an additional 5,179 shares during the last quarter. 66.05% of the stock is 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.