Shoe Carnival (NASDAQ:SHOE) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Shoe Carnival (NASDAQ:SHOE) from a hold rating to a sell rating in a report issued on Sunday morning,Wall Street Zen reports.

Other equities analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Shoe Carnival from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. Zacks Research lowered shares of Shoe Carnival from a “hold” rating to a “strong sell” rating in a report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Shoe Carnival currently has an average rating of “Hold” and an average price target of $22.00.

Shoe Carnival Stock Performance

Shares of NASDAQ SHOE opened at $14.57 on Friday. The stock has a market capitalization of $396.01 million, a PE ratio of 16.56 and a beta of 1.36. Shoe Carnival has a fifty-two week low of $10.20 and a fifty-two week high of $21.61. The company has a fifty day moving average of $13.56.

Shoe Carnival (NASDAQ:SHOE) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). The company had revenue of $284.31 million for the quarter, compared to the consensus estimate of $299.19 million. Shoe Carnival had a net margin of 2.20% and a return on equity of 5.32%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Analysts predict that Shoe Carnival will post 0.85 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $0.68 annualized dividend and a yield of 4.7%. Shoe Carnival’s dividend payout ratio (DPR) is currently 77.27%.

Hedge Funds Weigh In On Shoe Carnival

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC raised its holdings in shares of Shoe Carnival by 26,100.0% in the 3rd quarter. Global Retirement Partners LLC now owns 5,240 shares of the company’s stock valued at $67,000 after acquiring an additional 5,220 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Shoe Carnival by 2,494.6% during the third quarter. Parallel Advisors LLC now owns 2,880 shares of the company’s stock worth $37,000 after purchasing an additional 2,769 shares in the last quarter. State of Wyoming grew its holdings in shares of Shoe Carnival by 125.1% during the third quarter. State of Wyoming now owns 9,285 shares of the company’s stock worth $119,000 after purchasing an additional 5,160 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of Shoe Carnival by 22.6% in the third quarter. North Star Investment Management Corp. now owns 135,000 shares of the company’s stock worth $1,727,000 after purchasing an additional 24,925 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Shoe Carnival by 225.3% in the third quarter. Signaturefd LLC now owns 7,657 shares of the company’s stock worth $98,000 after purchasing an additional 5,303 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors.

About Shoe Carnival

Shoe Carnival, Inc. is a U.S.-based family footwear retailer that sells shoes, apparel and accessories through its stores and e-commerce channels. Its merchandise assortment includes athletic and casual footwear, dress shoes, boots, sandals, handbags and related accessories for women, men and children. The company offers products from nationally recognized brands as well as selected private-label merchandise. Shoe Carnival emphasizes a promotional shopping experience, with discounts, seasonal offers and other in-store and online promotions.