Shoe Carnival (NASDAQ:SCVL) Issues Q3 2021 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) issued an update on its third quarter 2021 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.100-$1.150 for the period, compared to the Thomson Reuters consensus estimate of $0.620. The company issued revenue guidance of $307 million-$315 million, compared to the consensus revenue estimate of $292.85 million.Shoe Carnival also updated its FY 2021 guidance to $4.350-$4.500 EPS.

Shoe Carnival stock opened at $32.93 on Wednesday. Shoe Carnival has a 1 year low of $15.19 and a 1 year high of $42.83. The firm has a 50 day moving average price of $35.04 and a 200 day moving average price of $32.93. The company has a market cap of $929.88 million, a price-to-earnings ratio of 8.61 and a beta of 1.48.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings results on Tuesday, August 24th. The company reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.99. The company had revenue of $332.23 million for the quarter. Shoe Carnival had a net margin of 9.21% and a return on equity of 32.38%. As a group, analysts anticipate that Shoe Carnival will post 4.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 18th. Stockholders of record on Monday, October 4th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, October 1st. Shoe Carnival’s payout ratio is currently 50.00%.

Several research firms recently commented on SCVL. Pivotal Research lifted their price target on shares of Shoe Carnival from $44.00 to $46.00 and gave the company a buy rating in a research report on Thursday, August 19th. Monness Crespi & Hardt initiated coverage on shares of Shoe Carnival in a research report on Thursday, August 19th. They set a buy rating and a $42.00 price target for the company.

In other Shoe Carnival news, Director Kent A. Kleeberger sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $37.46, for a total value of $56,190.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 32.00% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Shoe Carnival stock. Morgan Stanley lifted its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 107.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,235 shares of the company’s stock after acquiring an additional 46,270 shares during the quarter. Morgan Stanley owned 0.31% of Shoe Carnival worth $6,388,000 as of its most recent filing with the SEC. 32.06% of the stock is owned by institutional investors and hedge funds.

About Shoe Carnival

Shoe Carnival, Inc engages in the retail of footwear products. It offers casual and athletic footwear for men, women, and children under the Skechers, Clarks, Adidas, Crocs, New Balance, Converse, Roxy, Nike, Vans, Madden Girl, Sperry, Rampage, Keds, PUMA, Timberland, Koolaburra, Jellypop, and ASICS brands.

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Earnings History and Estimates for Shoe Carnival (NASDAQ:SCVL)

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