Shoe Carnival, Inc. (NASDAQ:SCVL) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.30-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.53. The company issued revenue guidance of $1.002-1.018 billion, compared to the consensus revenue estimate of $1.03 billion.
Shoe Carnival, Inc. (NASDAQ:SCVL) traded down 5.08% on Friday, hitting $21.68. The stock had a trading volume of 224,284 shares. The firm’s 50-day moving average is $24.36 and its 200-day moving average is $26.06. The company has a market cap of $383.56 million, a P/E ratio of 16.96 and a beta of 0.90. Shoe Carnival, Inc. has a 52-week low of $21.16 and a 52-week high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, March 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. The firm had revenue of $234.20 million during the quarter, compared to analysts’ expectations of $234.89 million. Shoe Carnival had a net margin of 2.86% and a return on equity of 8.51%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 earnings per share. Equities research analysts anticipate that Shoe Carnival, Inc. will post $1.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 24th. Investors of record on Monday, April 10th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, April 6th. Shoe Carnival’s dividend payout ratio is currently 18.30%.
A number of research analysts recently issued reports on the stock. B. Riley restated a neutral rating and set a $26.00 price objective on shares of Shoe Carnival in a report on Monday, May 8th. Zacks Investment Research cut shares of Shoe Carnival from a hold rating to a sell rating in a report on Tuesday, March 28th. Susquehanna Bancshares Inc restated a neutral rating and set a $24.00 target price on shares of Shoe Carnival in a report on Monday, March 27th. Johnson Rice cut shares of Shoe Carnival from a buy rating to an accumulate rating in a report on Friday, March 24th. Finally, Jefferies Group LLC restated a hold rating and set a $26.00 target price on shares of Shoe Carnival in a report on Friday, March 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average target price of $26.29.
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A number of hedge funds have recently bought and sold shares of SCVL. California Public Employees Retirement System raised its stake in Shoe Carnival by 5.6% in the first quarter. California Public Employees Retirement System now owns 46,800 shares of the company’s stock valued at $1,150,000 after buying an additional 2,500 shares during the period. Geode Capital Management LLC raised its stake in 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. Finally, Vanguard Group Inc. raised its stake in 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. 68.46% of the stock is currently owned by hedge funds and other institutional investors.
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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