Analysts Set Expectations for Shoe Carnival FY2026 Earnings

Shoe Carnival, Inc. (NASDAQ:SCVL) – Equities researchers at Seaport Res Ptn dropped their FY2026 earnings per share estimates for Shoe Carnival in a report released on Tuesday, March 11th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will post earnings of $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 Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th.

Shoe Carnival Trading Up 1.7 %

Shares of NASDAQ SCVL opened at $21.85 on Friday. The stock has a 50 day simple moving average of $25.90 and a 200-day simple moving average of $33.46. The company has a market cap of $593.77 million, a PE ratio of 8.03 and a beta of 1.50. Shoe Carnival has a 12-month low of $20.51 and a 12-month high of $46.92.

Shoe Carnival declared that its board has initiated a stock buyback plan on Thursday, December 12th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Shoe Carnival

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCVL. Pacer Advisors Inc. bought a new stake in Shoe Carnival during the third quarter worth approximately $37,440,000. BNP Paribas Financial Markets raised its holdings in Shoe Carnival by 241.2% during the fourth quarter. BNP Paribas Financial Markets now owns 203,805 shares of the company’s stock worth $6,742,000 after purchasing an additional 144,066 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Shoe Carnival by 215.0% during the fourth quarter. JPMorgan Chase & Co. now owns 194,627 shares of the company’s stock worth $6,438,000 after purchasing an additional 132,844 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Shoe Carnival by 219.0% during the fourth quarter. Renaissance Technologies LLC now owns 148,868 shares of the company’s stock worth $4,925,000 after purchasing an additional 102,200 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its holdings in shares of Shoe Carnival by 20.0% in the fourth quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company’s stock valued at $19,236,000 after buying an additional 96,753 shares in the last quarter. Institutional investors own 66.05% of the company’s stock.

About Shoe Carnival

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.