Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) - Equities researchers at Seaport Res Ptn issued their Q1 2026 earnings per share (EPS) estimates for Shoe Carnival in a research note issued to investors on Thursday, March 20th. Seaport Res Ptn analyst M. Kummetz forecasts that the company will earn $0.27 per share for the quarter. The consensus estimate for Shoe Carnival's current full-year earnings is $2.60 per share. Seaport Res Ptn also issued estimates for Shoe Carnival's Q2 2026 earnings at $0.61 EPS, Q3 2026 earnings at $0.63 EPS, Q4 2026 earnings at $0.36 EPS and FY2028 earnings at $2.92 EPS.
Separately, StockNews.com upgraded Shoe Carnival from a "sell" rating to a "hold" rating in a report on Saturday, November 30th.
Check Out Our Latest Report on SCVL
Shares of SCVL stock opened at $21.52 on Monday. The stock has a market capitalization of $584.81 million, a PE ratio of 7.91 and a beta of 1.50. Shoe Carnival has a one year low of $20.51 and a one year high of $46.92. The business's 50 day simple moving average is $25.07 and its 200 day simple moving average is $32.80.
Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.42 by $0.12. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The business had revenue of $262.90 million for the quarter, compared to analysts' expectations of $277.89 million. During the same period in the prior year, the business posted $0.59 earnings per share. The firm's revenue was down 6.2% on a year-over-year basis.
Shoe Carnival declared that its Board of Directors has authorized a share repurchase program on Thursday, December 12th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.79%. This is a boost from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date is Monday, April 7th. Shoe Carnival's dividend payout ratio is presently 22.39%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Shoe Carnival during the 4th quarter worth approximately $2,513,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Shoe Carnival by 19.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,740 shares of the company's stock worth $1,976,000 after purchasing an additional 9,671 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Shoe Carnival during the fourth quarter worth approximately $1,231,000. Wolverine Trading LLC acquired a new position in shares of Shoe Carnival during the fourth quarter worth approximately $372,000. Finally, Vident Advisory LLC acquired a new position in shares of Shoe Carnival during the fourth quarter worth approximately $486,000. 66.05% of the stock is currently owned by institutional investors.
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.
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