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. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Shoe Carnival banner; and 21 locations across the Southeast under the Shoe Station banner. The company also sells its products through online shopping at shoecarnival.com, as well as through mobile application. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Evansville, Indiana.
Wall Street Analyst Weigh In
SCVL has been the subject of several recent research reports. Monness Crespi & Hardt reduced their price target on Shoe Carnival to $40.00 and set a "sector weight" rating for the company in a research report on Thursday, May 19th. StockNews.com cut Shoe Carnival from a "buy" rating to a "hold" rating in a research report on Monday, July 25th.
Shoe Carnival Trading Up 1.1 %
Shares of NASDAQ:SCVL traded up $0.29 during mid-day trading on Friday, hitting $26.30. The company had a trading volume of 282,792 shares, compared to its average volume of 333,401. The company has a market capitalization of $725.54 million, a price-to-earnings ratio of 5.42 and a beta of 1.41. Shoe Carnival has a 1 year low of $20.03 and a 1 year high of $46.21. The stock's 50-day moving average price is $23.47 and its 200-day moving average price is $28.07.
Shoe Carnival (NASDAQ:SCVL - Get Rating) last posted its quarterly earnings data on Wednesday, May 18th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $317.53 million during the quarter, compared to analyst estimates of $329.60 million. Shoe Carnival had a return on equity of 32.77% and a net margin of 10.50%. During the same quarter last year, the company earned $1.51 earnings per share. As a group, equities research analysts forecast that Shoe Carnival will post 3.95 earnings per share for the current year.
Shoe Carnival Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 25th. Investors of record on Monday, July 11th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Friday, July 8th. Shoe Carnival's dividend payout ratio is 7.42%.