Analysts expect that Shoe Carnival (NASDAQ:SCVL) will post earnings of $0.75 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Shoe Carnival’s earnings. Shoe Carnival reported earnings of $0.48 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 56.3%. The business is scheduled to issue its next earnings report on Wednesday, May 23rd.
On average, analysts expect that Shoe Carnival will report full-year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $1.97. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.15 per share, with EPS estimates ranging from $2.14 to $2.15. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Shoe Carnival.
Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Tuesday, March 27th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. Shoe Carnival had a net margin of 1.86% and a return on equity of 8.02%. The company had revenue of $243.23 million for the quarter, compared to analyst estimates of $248.19 million. During the same quarter last year, the firm earned $0.07 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year.
A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Pivotal Research set a $30.00 price target on shares of Shoe Carnival and gave the stock a “buy” rating in a report on Wednesday, March 28th. Zacks Investment Research lowered shares of Shoe Carnival from a “hold” rating to a “sell” rating in a report on Friday, March 30th. TheStreet lowered shares of Shoe Carnival from a “b” rating to a “c+” rating in a report on Wednesday, March 28th. Finally, Wedbush reissued a “buy” rating and issued a $33.00 price target (up previously from $27.00) on shares of Shoe Carnival in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $26.43.
In other news, CEO Clifton E. Sifford sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $23.75, for a total value of $178,125.00. Following the completion of the sale, the chief executive officer now directly owns 238,903 shares of the company’s stock, valued at approximately $5,673,946.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP W Kerry Jackson sold 4,000 shares of the firm’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $23.82, for a total transaction of $95,280.00. Following the completion of the sale, the executive vice president now directly owns 131,187 shares of the company’s stock, valued at $3,124,874.34. The disclosure for this sale can be found here. Company insiders own 28.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Shoe Carnival by 3.6% during the 4th quarter. BlackRock Inc. now owns 1,534,621 shares of the company’s stock valued at $41,052,000 after acquiring an additional 53,961 shares during the period. Millennium Management LLC lifted its position in Shoe Carnival by 133.3% during the 4th quarter. Millennium Management LLC now owns 595,428 shares of the company’s stock valued at $15,928,000 after acquiring an additional 340,224 shares during the period. LSV Asset Management lifted its position in Shoe Carnival by 33.6% during the 4th quarter. LSV Asset Management now owns 588,186 shares of the company’s stock valued at $15,733,000 after acquiring an additional 147,800 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Shoe Carnival during the 4th quarter valued at about $6,858,000. Finally, Acadian Asset Management LLC purchased a new position in Shoe Carnival during the 4th quarter valued at about $5,637,000. 78.20% of the stock is owned by institutional investors.
Shares of SCVL stock traded up $0.08 on Friday, hitting $23.86. 156,157 shares of the company’s stock traded hands, compared to its average volume of 348,624. Shoe Carnival has a one year low of $15.07 and a one year high of $28.38. The firm has a market cap of $393.02, a P/E ratio of 16.01, a P/E/G ratio of 1.04 and a beta of 0.81.
Shoe Carnival announced that its board has approved a stock buyback program on Tuesday, December 19th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 9th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, April 6th. Shoe Carnival’s dividend payout ratio (DPR) is presently 20.13%.
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Shoe Carnival Company Profile
Shoe Carnival, Inc, together with its subsidiaries, operates as family footwear retailer in the United States. It provides various dress, casual, and athletic footwear products for men, women, and children, as well as accessories, including socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.
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