Shoe Carnival (NASDAQ:SCVL) Releases FY 2026 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.400-1.600 for the period, compared to the consensus estimate of 1.480. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Shoe Carnival Stock Up 2.1%

Shares of SCVL stock opened at $17.60 on Friday. Shoe Carnival has a 12 month low of $14.91 and a 12 month high of $26.57. The firm has a market cap of $483.65 million, a price-to-earnings ratio of 13.04 and a beta of 1.44. The stock has a 50-day moving average price of $17.24 and a 200 day moving average price of $18.12.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, May 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Shoe Carnival had a return on equity of 7.24% and a net margin of 3.31%.The firm had revenue of $270.73 million for the quarter, compared to analysts’ expectations of $268.73 million. During the same quarter last year, the business earned $0.34 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. Sell-side analysts predict that Shoe Carnival will post 1.5 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 6th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, April 6th. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.9%. Shoe Carnival’s payout ratio is currently 50.37%.

Analysts Set New Price Targets

Several brokerages have commented on SCVL. Zacks Research raised shares of Shoe Carnival from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Shoe Carnival in a research note on Friday, March 27th. Finally, Williams Trading set a $22.00 target price on shares of Shoe Carnival in a research note on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $22.00.

Insider Activity

In other Shoe Carnival news, CFO W Kerry Jackson acquired 31,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was acquired at an average cost of $16.13 per share, for a total transaction of $500,030.00. Following the transaction, the chief financial officer owned 215,529 shares of the company’s stock, valued at $3,476,482.77. This trade represents a 16.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 33.60% of the company’s stock.

Hedge Funds Weigh In On Shoe Carnival

Several institutional investors and hedge funds have recently modified their holdings of SCVL. Millennium Management LLC grew its position in shares of Shoe Carnival by 215.9% in the 1st quarter. Millennium Management LLC now owns 321,764 shares of the company’s stock valued at $7,076,000 after purchasing an additional 219,918 shares during the period. Jane Street Group LLC grew its position in shares of Shoe Carnival by 341.9% in the 4th quarter. Jane Street Group LLC now owns 205,942 shares of the company’s stock valued at $3,476,000 after purchasing an additional 159,339 shares during the period. Jump Financial LLC grew its position in shares of Shoe Carnival by 1,050.1% in the 2nd quarter. Jump Financial LLC now owns 173,670 shares of the company’s stock valued at $3,249,000 after purchasing an additional 158,570 shares during the period. Gabelli Funds LLC bought a new stake in Shoe Carnival in the 2nd quarter valued at approximately $2,615,000. Finally, BNP Paribas Financial Markets lifted its stake in Shoe Carnival by 179.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 194,045 shares of the company’s stock valued at $4,034,000 after acquiring an additional 124,510 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

About Shoe Carnival

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.