Brokers Issue Forecasts for Shoe Carnival FY2028 Earnings

Shoe Carnival, Inc. (NASDAQ:SCVL) – Research analysts at Seaport Res Ptn issued their FY2028 earnings per share (EPS) estimates for Shoe Carnival in a report issued on Tuesday, March 11th. Seaport Res Ptn analyst M. Kummetz anticipates that the company will post earnings per share of $3.22 for the year. The consensus estimate for Shoe Carnival’s current full-year earnings is $2.60 per share.

Separately, StockNews.com raised Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th.

Shoe Carnival Trading Down 3.5 %

Shares of Shoe Carnival stock opened at $21.52 on Thursday. The firm has a market capitalization of $584.81 million, a P/E ratio of 7.91 and a beta of 1.50. The business has a fifty day simple moving average of $26.55 and a two-hundred day simple moving average of $33.85. 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 approved a share buyback program on Thursday, December 12th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Shoe Carnival

Large investors have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Shoe Carnival during the 3rd quarter valued at about $62,000. Quarry LP bought a new position in shares of Shoe Carnival during the 3rd quarter valued at approximately $66,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Shoe Carnival during the 3rd quarter valued at approximately $76,000. KLP Kapitalforvaltning AS bought a new position in shares of Shoe Carnival during the 4th quarter valued at approximately $99,000. Finally, SG Americas Securities LLC bought a new position in shares of Shoe Carnival during the 4th quarter valued at approximately $178,000. 66.05% of the stock is currently owned by institutional investors.

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.