Shoe Carnival (NASDAQ:SCVL) issued an update on its FY19 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.41-2.43 for the period, compared to the Thomson Reuters consensus estimate of $2.37. The company issued revenue guidance of ~$1.028 billion, compared to the consensus revenue estimate of $1.02 billion.Shoe Carnival also updated its FY20 guidance to $2.60-2.70 EPS.
Shares of NASDAQ:SCVL opened at $37.93 on Monday. Shoe Carnival has a one year low of $21.01 and a one year high of $45.00. The stock has a market capitalization of $585.58 million, a PE ratio of 25.46 and a beta of 0.83.
Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Thursday, November 15th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. Shoe Carnival had a net margin of 3.17% and a return on equity of 12.51%. The business had revenue of $269.18 million during the quarter, compared to analysts’ expectations of $265.40 million. As a group, sell-side analysts anticipate that Shoe Carnival will post 2.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 28th. Stockholders of record on Monday, January 14th will be issued a $0.08 dividend. The ex-dividend date is Friday, January 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.84%. Shoe Carnival’s payout ratio is 21.48%.
Several research analysts recently issued reports on the stock. BidaskClub cut shares of Shoe Carnival from a strong-buy rating to a buy rating in a report on Friday, September 28th. ValuEngine raised shares of Shoe Carnival from a hold rating to a buy rating in a report on Friday, December 28th. Pivotal Research increased their price target on shares of Shoe Carnival from $46.00 to $47.00 and gave the stock a buy rating in a report on Tuesday, November 20th. Zacks Investment Research raised shares of Shoe Carnival from a hold rating to a buy rating and set a $45.00 price target for the company in a report on Thursday, November 15th. Finally, Wedbush cut their price target on shares of Shoe Carnival from $47.00 to $45.00 and set an outperform rating for the company in a report on Friday, November 16th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $39.17.
In other Shoe Carnival news, Director Kent A. Kleeberger sold 1,074 shares of the company’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $33.98, for a total transaction of $36,494.52. Following the transaction, the director now directly owns 13,886 shares in the company, valued at $471,846.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kent A. Kleeberger sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $36.77, for a total transaction of $55,155.00. Following the transaction, the director now owns 14,960 shares in the company, valued at $550,079.20. The disclosure for this sale can be found here. Corporate insiders own 22.70% of the company’s stock.
Shoe Carnival Company Profile
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.
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