Shoe Carnival (NASDAQ:SCVL – Get Rating) is set to announce its earnings results before the market opens on Wednesday, May 18th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Shoe Carnival has set its FY 2022 guidance at $3.800-$4.100 EPS.Parties interested in registering for the company’s conference call can do so using this link.
Shoe Carnival (NASDAQ:SCVL – Get Rating) last posted its quarterly earnings results on Wednesday, March 16th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.37. Shoe Carnival had a net margin of 11.64% and a return on equity of 38.92%. The firm had revenue of $313.37 million during the quarter, compared to the consensus estimate of $293.03 million. During the same period in the previous year, the firm posted $0.26 earnings per share. On average, analysts expect Shoe Carnival to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
SCVL opened at $30.52 on Wednesday. The company has a fifty day moving average price of $30.86 and a two-hundred day moving average price of $34.60. The company has a market cap of $859.72 million, a P/E ratio of 5.64 and a beta of 1.39. Shoe Carnival has a 1-year low of $27.59 and a 1-year high of $46.21.
In related news, Director Andrea R. Guthrie sold 1,300 shares of the stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $31.40, for a total transaction of $40,820.00. Following the transaction, the director now owns 24,746 shares of the company’s stock, valued at approximately $777,024.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 32.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in Shoe Carnival during the 4th quarter valued at $223,000. American International Group Inc. lifted its position in shares of Shoe Carnival by 93.7% in the 3rd quarter. American International Group Inc. now owns 11,076 shares of the company’s stock worth $359,000 after purchasing an additional 5,358 shares during the period. Guggenheim Capital LLC lifted its position in shares of Shoe Carnival by 64.1% in the 4th quarter. Guggenheim Capital LLC now owns 11,189 shares of the company’s stock worth $437,000 after purchasing an additional 4,372 shares during the period. Bank of America Corp DE lifted its position in shares of Shoe Carnival by 28.8% in the 4th quarter. Bank of America Corp DE now owns 17,380 shares of the company’s stock worth $679,000 after purchasing an additional 3,891 shares during the period. Finally, Lombard Odier Asset Management USA Corp lifted its position in shares of Shoe Carnival by 181.2% in the 4th quarter. Lombard Odier Asset Management USA Corp now owns 17,716 shares of the company’s stock worth $692,000 after purchasing an additional 11,415 shares during the period. 64.18% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on SCVL. StockNews.com began coverage on shares of Shoe Carnival in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Seaport Res Ptn restated a “buy” rating on shares of Shoe Carnival in a research note on Tuesday, January 18th.
Shoe Carnival Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Shoe Carnival (SCVL)
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