Shoe Carnival, Inc. (NASDAQ:SCVL) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) have been given a consensus rating of “Reduce” by the three analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and two have issued a hold rating on the company.

A number of equities analysts recently commented on SCVL shares. Wall Street Zen upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Seaport Res Ptn lowered shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shoe Carnival in a research note on Saturday, September 27th. Finally, Zacks Research downgraded shares of Shoe Carnival from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 26th.

Shoe Carnival Stock Up 2.9%

Shares of NASDAQ:SCVL opened at $22.23 on Friday. The firm has a fifty day moving average of $21.78 and a two-hundred day moving average of $20.42. Shoe Carnival has a 12-month low of $16.14 and a 12-month high of $42.28. The firm has a market capitalization of $608.44 million, a P/E ratio of 9.79 and a beta of 1.37.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.09. Shoe Carnival had a return on equity of 9.65% and a net margin of 5.41%.The business had revenue of $306.39 million during the quarter, compared to analyst estimates of $318.31 million. During the same period last year, the company earned $0.83 earnings per share. Shoe Carnival’s quarterly revenue was down 7.9% compared to the same quarter last year. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. Equities research analysts expect that Shoe Carnival will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, October 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, October 6th. Shoe Carnival’s dividend payout ratio (DPR) is presently 26.43%.

Hedge Funds Weigh In On Shoe Carnival

A number of institutional investors have recently modified their holdings of SCVL. NBC Securities Inc. lifted its stake in shares of Shoe Carnival by 145,700.0% in the first quarter. NBC Securities Inc. now owns 1,458 shares of the company’s stock worth $32,000 after buying an additional 1,457 shares during the last quarter. Versant Capital Management Inc bought a new position in Shoe Carnival in the 1st quarter worth $33,000. First Horizon Advisors Inc. lifted its position in Shoe Carnival by 33.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,923 shares of the company’s stock worth $36,000 after acquiring an additional 486 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company’s stock valued at $55,000 after acquiring an additional 2,012 shares during the period. Finally, CWM LLC boosted its holdings in Shoe Carnival by 188.3% during the first quarter. CWM LLC now owns 3,883 shares of the company’s stock valued at $85,000 after acquiring an additional 2,536 shares during the period. Institutional investors own 66.05% of the company’s stock.

About Shoe Carnival

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.