Analysts Set Expectations for Shoe Carnival FY2026 Earnings

Shoe Carnival, Inc. (NASDAQ:SCVL) – Equities research analysts at Seaport Res Ptn cut their FY2026 earnings per share (EPS) estimates for Shoe Carnival in a note issued to investors on Tuesday, March 11th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will earn $2.60 per share for the year, down from their previous estimate of $2.93. The consensus estimate for Shoe Carnival’s current full-year earnings is $2.60 per share. Seaport Res Ptn also issued estimates for Shoe Carnival’s FY2027 earnings at $2.90 EPS.

Separately, StockNews.com upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th.

Shoe Carnival Stock Performance

NASDAQ SCVL opened at $21.85 on Friday. The stock has a market capitalization of $593.77 million, a P/E ratio of 8.03 and a beta of 1.50. Shoe Carnival has a 1 year low of $20.51 and a 1 year high of $46.92. The business’s fifty day moving average is $25.90 and its two-hundred day moving average is $33.46.

Hedge Funds Weigh In On Shoe Carnival

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Shoe Carnival during the 4th quarter worth approximately $2,513,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Shoe Carnival by 19.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,740 shares of the company’s stock worth $1,976,000 after purchasing an additional 9,671 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Shoe Carnival during the 4th quarter worth approximately $1,231,000. Wolverine Trading LLC purchased a new position in shares of Shoe Carnival during the 4th quarter valued at $372,000. Finally, Vident Advisory LLC purchased a new position in shares of Shoe Carnival during the 4th quarter valued at $486,000. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Shoe Carnival declared that its board has approved a stock repurchase plan on Thursday, December 12th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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.