Analysts Offer Predictions for Shoe Carnival FY2026 Earnings

Shoe Carnival, Inc. (NASDAQ:SCVL) – Seaport Res Ptn lowered their FY2026 earnings estimates for shares of Shoe Carnival in a report issued on Tuesday, March 11th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will earn $2.60 per share for the year, down from their prior forecast 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 raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Saturday, November 30th.

Shoe Carnival Stock Down 0.1 %

Shares of NASDAQ:SCVL opened at $21.49 on Friday. Shoe Carnival has a 12 month low of $20.51 and a 12 month high of $46.92. The company’s 50-day moving average price is $26.32 and its two-hundred day moving average price is $33.77. The firm has a market cap of $583.99 million, a P/E ratio of 7.90 and a beta of 1.50.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. FMR LLC boosted its stake in shares of Shoe Carnival by 8.7% in the 3rd quarter. FMR LLC now owns 4,266 shares of the company’s stock valued at $187,000 after purchasing an additional 343 shares during the last quarter. Sei Investments Co. raised its position in shares of Shoe Carnival by 0.8% in the 4th quarter. Sei Investments Co. now owns 56,940 shares of the company’s stock valued at $1,884,000 after acquiring an additional 437 shares during the period. Sterling Capital Management LLC raised its position in shares of Shoe Carnival by 5.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,284 shares of the company’s stock valued at $307,000 after acquiring an additional 511 shares during the period. Foundry Partners LLC raised its position in shares of Shoe Carnival by 0.6% in the 3rd quarter. Foundry Partners LLC now owns 149,735 shares of the company’s stock valued at $6,566,000 after acquiring an additional 940 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Shoe Carnival by 17.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company’s stock valued at $225,000 after acquiring an additional 987 shares during the period. Institutional investors own 66.05% of the company’s stock.

Shoe Carnival announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 12th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.