Shoe Carnival, Inc. (NASDAQ:SCVL) Given Consensus Rating of “Moderate Buy” by Analysts

Shoe Carnival, Inc. (NASDAQ:SCVL) has received an average recommendation of “Moderate Buy” from the three analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.

SCVL has been the subject of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Shoe Carnival in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Seaport Res Ptn downgraded shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, Zacks Research raised Shoe Carnival from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 27th.

Insider Buying and Selling at Shoe Carnival

In other news, Director Andrea R. Guthrie sold 2,477 shares of Shoe Carnival stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $20.20, for a total value of $50,035.40. Following the completion of the transaction, the director owned 24,405 shares of the company’s stock, valued at $492,981. The trade was a 9.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 35.50% of the stock is owned by insiders.

Institutional Trading of Shoe Carnival

Several institutional investors have recently bought and sold shares of the company. Huntington National Bank raised its holdings in Shoe Carnival by 164.8% in the third quarter. Huntington National Bank now owns 1,491 shares of the company’s stock worth $31,000 after buying an additional 928 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Shoe Carnival by 33.8% during the second quarter. First Horizon Advisors Inc. now owns 1,923 shares of the company’s stock valued at $36,000 after purchasing an additional 486 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Shoe Carnival by 305.0% during the third quarter. Hantz Financial Services Inc. now owns 2,029 shares of the company’s stock valued at $42,000 after buying an additional 1,528 shares during the last quarter. CWM LLC increased its holdings in Shoe Carnival by 188.3% in the 1st quarter. CWM LLC now owns 3,883 shares of the company’s stock worth $85,000 after buying an additional 2,536 shares in the last quarter. Finally, US Bancorp DE raised its position in Shoe Carnival by 1,025.8% in the 1st quarter. US Bancorp DE now owns 4,661 shares of the company’s stock worth $103,000 after buying an additional 4,247 shares during the last quarter. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

Shares of NASDAQ:SCVL opened at $15.67 on Friday. The firm has a market capitalization of $428.93 million, a P/E ratio of 6.90 and a beta of 1.35. The stock has a 50 day moving average price of $19.42 and a 200-day moving average price of $20.23. Shoe Carnival has a 52-week low of $15.21 and a 52-week high of $36.94.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, November 20th. The company reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $297.16 million for the quarter, compared to analysts’ expectations of $295.25 million. Shoe Carnival had a return on equity of 9.65% and a net margin of 5.41%.The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.800-2.100 EPS. On average, equities analysts forecast that Shoe Carnival will post 2.6 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Monday, October 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, October 6th. Shoe Carnival’s payout ratio is 28.57%.

Shoe Carnival Company Profile

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.