Shoe Carnival (SCVL) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shoe Carnival in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SCVL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SCVL, but not buy additional shares or sell existing shares.
View SCVL analyst ratings or view top-rated stocks.

Shoe Carnival's stock was trading at $23.91 on January 1st, 2023. Since then, SCVL stock has decreased by 12.8% and is now trading at $20.85.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our SCVL earnings forecast.

Shoe Carnival, Inc. (NASDAQ:SCVL) announced its earnings results on Wednesday, March, 22nd. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $290.78 million for the quarter, compared to analyst estimates of $299.37 million. Shoe Carnival had a net margin of 8.13% and a trailing twelve-month return on equity of 19.43%.

Shoe Carnival announced a quarterly dividend on Wednesday, March 22nd. Shareholders of record on Monday, April 3rd will be given a dividend of $0.10 per share on Monday, April 17th. This represents a $0.40 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, March 31st. This is an increase from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for SCVL.

ETFs with the largest weight of Shoe Carnival (NASDAQ:SCVL) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), Invesco S&P SmallCap 600 Pure Value ETF (RZV), iShares US Small Cap Value Factor ETF (SVAL), Royce Quant Small-Cap Quality Value ETF (SQLV), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Global X Health & Wellness ETF (BFIT).

Shoe Carnival (NASDAQ:SCVL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.92%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 11.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCVL will have a dividend payout ratio of 10.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCVL.

Shoe Carnival's stock split on the morning of Tuesday, July 20th 2021. The 2-1 split was announced on Tuesday, July 20th 2021. The newly issued shares were payable to shareholders after the market closes on Tuesday, July 20th 2021. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Shoe Carnival updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of $3.60-$3.85 for the period, compared to the consensus estimate of $3.73. The company issued revenue guidance of $1.23 billion-$1.25 billion, compared to the consensus revenue estimate of $1.26 billion.

159 employees have rated Shoe Carnival Chief Executive Officer Clifton E. Sifford on Glassdoor.com. Clifton E. Sifford has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shoe Carnival investors own include Coty (COTY), Walt Disney (DIS), Block (SQ), Target (TGT), Advanced Micro Devices (AMD), Carnival Co. & (CCL), Designer Brands (DBI), Macy's (M), Cisco Systems (CSCO).

Shoe Carnival trades on the NASDAQ under the ticker symbol "SCVL."

Shoe Carnival's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (10.51%), Dimensional Fund Advisors LP (8.32%), Copeland Capital Management LLC (4.59%), State Street Corp (2.91%), Royce & Associates LP (2.53%) and Arrowstreet Capital Limited Partnership (1.64%). Insiders that own company stock include Andrea R Guthrie, Carl N Scibetta, Clifton E Sifford, James A Aschleman, Kent A Kleeberger, Timothy T Baker and W Kerry Jackson.
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Shares of SCVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SCVL stock can currently be purchased for approximately $20.85.

Shoe Carnival (NASDAQ:SCVL) has a market capitalization of $570.04 million and generates $1.26 billion in revenue each year. The company earns $110.07 million in net income (profit) each year or $3.61 on an earnings per share basis.

The company employs 5,500 workers across the globe.

Shoe Carnival's mailing address is 7500 EAST COLUMBIA STREET, EVANSVILLE IN, 47715. The official website for the company is www.shoecarnival.com. The company can be reached via phone at (812) 867-4034 or via fax at 812-867-4570.