Equities research analysts forecast that Shoe Carnival, Inc. (NASDAQ:SCVL) will announce sales of $258.88 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Shoe Carnival’s earnings. The lowest sales estimate is $254.76 million and the highest is $263 million. Shoe Carnival posted sales of $260.47 million during the same quarter last year, which suggests a negative year over year growth rate of 0.6%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, May 25th.
On average, analysts expect that Shoe Carnival will report full-year sales of $258.88 million for the current financial year, with estimates ranging from $1.02 billion to $1.03 billion. For the next financial year, analysts expect that the business will post sales of $1.03 billion per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Shoe Carnival.
Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, March 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $234.20 million during the quarter, compared to analysts’ expectations of $234.89 million. Shoe Carnival had a return on equity of 8.51% and a net margin of 2.86%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS.
SCVL has been the subject of a number of recent analyst reports. B. Riley restated a “neutral” rating and set a $26.00 price target on shares of Shoe Carnival in a research report on Monday, May 8th. Zacks Investment Research lowered shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $24.00 target price on shares of Shoe Carnival in a research report on Monday, March 27th. Johnson Rice lowered shares of Shoe Carnival from a “buy” rating to an “accumulate” rating in a research report on Friday, March 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $26.00 target price on shares of Shoe Carnival in a research report on Friday, March 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $26.29.
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Institutional investors have recently modified their holdings of the stock. United Capital Financial Advisers LLC purchased a new position in shares of Shoe Carnival during the first quarter valued at approximately $303,000. Globeflex Capital L P increased its position in shares of Shoe Carnival by 33.3% in the first quarter. Globeflex Capital L P now owns 16,812 shares of the company’s stock valued at $413,000 after buying an additional 4,200 shares during the period. Geode Capital Management LLC increased its position in shares of Shoe Carnival by 7.5% in the first quarter. Geode Capital Management LLC now owns 225,430 shares of the company’s stock valued at $5,537,000 after buying an additional 15,799 shares during the period. Vanguard Group Inc. increased its position in shares of Shoe Carnival by 4.2% in the first quarter. Vanguard Group Inc. now owns 687,504 shares of the company’s stock valued at $16,893,000 after buying an additional 27,447 shares during the period. Finally, Menta Capital LLC increased its position in shares of Shoe Carnival by 14.6% in the first quarter. Menta Capital LLC now owns 18,893 shares of the company’s stock valued at $464,000 after buying an additional 2,400 shares during the period. 68.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Shoe Carnival (NASDAQ:SCVL) traded down 5.08% during midday trading on Thursday, reaching $21.68. The company had a trading volume of 224,284 shares. The company’s 50-day moving average is $24.46 and its 200-day moving average is $26.09. Shoe Carnival has a 52-week low of $21.16 and a 52-week high of $31.79. The firm has a market cap of $383.56 million, a P/E ratio of 16.96 and a beta of 0.90.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 24th. Shareholders of record on Monday, April 10th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $0.28 annualized dividend and a yield of 1.29%. Shoe Carnival’s payout ratio is 18.30%.
Shoe Carnival Company Profile
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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