Shoe Carnival, Inc. (NASDAQ:SCVL) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.30-1.45 for the period, compared to the Thomson Reuters consensus earnings per share 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.
A number of equities analysts recently weighed in on the stock. B. Riley assumed coverage on shares of Shoe Carnival in a research note on Tuesday, March 14th. They issued a neutral rating and a $26.00 target price for the company. Zacks Investment Research lowered shares of Shoe Carnival from a hold rating to a sell rating in a research note on Tuesday, March 28th. Jefferies Group LLC reaffirmed a hold rating and issued a $26.00 target price on shares of Shoe Carnival in a research note on Friday, March 24th. Susquehanna Bancshares Inc restated a neutral rating and set a $24.00 price objective on shares of Shoe Carnival in a research note on Monday, March 27th. Finally, Johnson Rice downgraded shares of Shoe Carnival from a buy rating to an accumulate rating in a research note on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $26.29.
Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) traded down 5.08% during midday trading on Friday, hitting $21.68. 224,284 shares of the stock were exchanged. The firm’s 50 day moving average is $24.51 and its 200-day moving average is $26.11. Shoe Carnival, Inc. has a 1-year low of $21.16 and a 1-year high of $31.79. The stock has a market capitalization of $383.56 million, a price-to-earnings ratio of 16.96 and a beta of 0.90.
Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Thursday, March 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $234.20 million for the quarter, compared to the consensus estimate of $234.89 million. Shoe Carnival had a net margin of 2.86% and a return on equity of 8.51%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. On average, analysts predict that Shoe Carnival, Inc. will post $1.38 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 24th. Investors of record on Monday, April 10th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Thursday, April 6th. Shoe Carnival’s payout ratio is 18.30%.
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Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Shoe Carnival by 7.5% in the first quarter. Geode Capital Management LLC now owns 225,430 shares of the company’s stock worth $5,537,000 after buying an additional 15,799 shares during the last quarter. Vanguard Group Inc. increased its position in Shoe Carnival by 4.2% in the first quarter. Vanguard Group Inc. now owns 687,504 shares of the company’s stock worth $16,893,000 after buying an additional 27,447 shares during the last quarter. Finally, California Public Employees Retirement System increased its position 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 worth $1,150,000 after buying an additional 2,500 shares during the last quarter. 68.46% of the stock is currently owned by institutional investors.
About Shoe Carnival
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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