Seaport Res Ptn Lowers Earnings Estimates for Shoe Carnival

Shoe Carnival, Inc. (NASDAQ:SCVL) – Research analysts at Seaport Res Ptn lowered their Q3 2025 earnings per share estimates for Shoe Carnival in a note issued to investors on Monday, November 18th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will post earnings of $0.61 per share for the quarter, down from their previous estimate of $0.70. The consensus estimate for Shoe Carnival’s current full-year earnings is $2.54 per share. Seaport Res Ptn also issued estimates for Shoe Carnival’s FY2026 earnings at $2.91 EPS and FY2027 earnings at $3.24 EPS.

Separately, Williams Trading lifted their price objective on Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, August 29th.

Shoe Carnival Price Performance

Shares of NASDAQ:SCVL opened at $33.48 on Thursday. The company has a market cap of $909.65 million, a price-to-earnings ratio of 11.87 and a beta of 1.56. Shoe Carnival has a one year low of $22.75 and a one year high of $46.92. The firm has a fifty day moving average price of $39.03 and a two-hundred day moving average price of $38.70.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The business had revenue of $332.70 million during the quarter, compared to analyst estimates of $331.45 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year.

Hedge Funds Weigh In On Shoe Carnival

Hedge funds and other institutional investors have recently modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of Shoe Carnival during the second quarter worth approximately $41,000. Harvest Fund Management Co. Ltd bought a new position in shares of Shoe Carnival during the 3rd quarter valued at $62,000. Quarry LP bought a new stake in Shoe Carnival in the third quarter worth $66,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Shoe Carnival in the third quarter worth $76,000. Finally, FMR LLC grew its stake in shares of Shoe Carnival by 8.7% during the third quarter. FMR LLC now owns 4,266 shares of the company’s stock valued at $187,000 after buying an additional 343 shares during the last quarter. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Shoe Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, October 7th. Shoe Carnival’s dividend payout ratio is currently 19.15%.

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.