Shoe Carnival Stock Price, News & Analysis (NASDAQ:SCVL)

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shoe Carnival in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SCVL shares.
View SCVL analyst ratings or view top-rated stocks.

2 analysts have issued 1-year price targets for Shoe Carnival's shares. Their SCVL share price targets range from $27.00 to $27.00. On average, they predict the company's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price.
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Shoe Carnival's stock was trading at $23.91 at the start of the year. Since then, SCVL shares have increased by 5.2% and is now trading at $25.16.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 27th 2024.
View our SCVL earnings forecast.

Shoe Carnival, Inc. (NASDAQ:SCVL) released its earnings results on Thursday, November, 16th. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by $0.17. The company earned $319.90 million during the quarter, compared to the consensus estimate of $321.03 million. Shoe Carnival had a net margin of 6.70% and a trailing twelve-month return on equity of 14.52%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 EPS.

Shoe Carnival announced a quarterly dividend on Thursday, September 21st. Investors of record on Tuesday, October 3rd will be given a dividend of $0.12 per share on Tuesday, October 17th. This represents a $0.48 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Monday, October 2nd. This is a boost from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for SCVL.

Shoe Carnival (NASDAQ:SCVL) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.98%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 16.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCVL will have a dividend payout ratio of 14.41% 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 before market open on Tuesday, July 20th 2021. The 2-1 split was announced on Tuesday, July 20th 2021. The newly created shares were issued to shareholders after the closing bell 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 issued an update on its fourth quarter earnings guidance on Thursday, November, 16th. The company provided EPS guidance of $0.54-0.64 for the period, compared to the consensus estimate of $0.74. The company issued revenue guidance of $265-285 million, compared to the consensus revenue estimate of $290.27 million.

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's stock is owned by a variety of retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (5.46%), New South Capital Management Inc. (3.23%), Northern Trust Corp (1.89%), LSV Asset Management (1.41%), First Eagle Investment Management LLC (1.32%) and Hodges Capital Management Inc. (1.31%). Insiders that own company stock include Andrea R Guthrie, Carl N Scibetta, 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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