Shoe Carnival (NASDAQ:SHOE) Issues FY 2026 Earnings Guidance

Shoe Carnival (NASDAQ:SHOE) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.750-0.900 for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion.

Analysts Set New Price Targets

SHOE has been the topic of several recent analyst reports. Zacks Research downgraded shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings began coverage on shares of Shoe Carnival in a research note on Monday, June 15th. They set a “hold (c-)” rating for the company. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Shoe Carnival currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Shoe Carnival Price Performance

Shares of SHOE stock opened at $12.93 on Thursday. Shoe Carnival has a 52-week low of $12.63 and a 52-week high of $24.21. The company has a market cap of $351.05 million, a price-to-earnings ratio of 9.58 and a beta of 1.40. The business’s 50 day simple moving average is $14.91.

Shoe Carnival (NASDAQ:SHOE) last posted its quarterly earnings results on Thursday, September 10th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.10). The company had revenue of $284.31 million during the quarter, compared to analysts’ expectations of $297.63 million. Shoe Carnival had a return on equity of 7.24% and a net margin of 3.31%.Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. On average, equities research analysts anticipate that Shoe Carnival will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHOE. Price T Rowe Associates Inc. MD purchased a new position in Shoe Carnival in the fourth quarter valued at about $188,000. Weiss Asset Management LP purchased a new position in shares of Shoe Carnival in the fourth quarter worth $220,000. Panagora Asset Management Inc. acquired a new stake in Shoe Carnival during the 4th quarter worth about $192,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Shoe Carnival during the third quarter worth about $282,000. Finally, Inceptionr LLC acquired a new stake in Shoe Carnival during the 3rd quarter valued at approximately $217,000. 66.05% of the stock is currently owned by institutional investors.

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.