Shoe Carnival (NASDAQ:SCVL – Get Rating ) updated its 2022 earnings guidance on Tuesday. The company provided EPS guidance of $3.95-$4.15 for the period, compared to the consensus EPS estimate of $3.95. The company issued revenue guidance of $1.29 billion – $1.34 billion, compared to the consensus revenue estimate of $1.38 billion.
Shoe carnival trade up 1.7%
Shares of NASDAQ SCVL traded up $0.43 during mid-day trading on Tuesday, reaching $24.28. 4,266 shares of the company’s stock were exchanged, compared to its average volume of 374,817. The firm has a market capitalization of $669.89 million, a price-to-earnings ratio of 5.68 and a beta of 1.41. The business has a fifty day simple moving average of $23.15 and a 200 day simple moving average of $27.41. Shoe Carnival has a twelve month low of $20.03 and a twelve month high of $46.21.
Carnival Shoes (NASDAQ:SCVL – Get Rating ) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Shoe Carnival had a return on equity of 27.73% and a net margin of 9.48%. During the same quarter last year, the company earned $1.54 EPS. equities research analysts anticipate that Shoe Carnival will post 3.86 earnings per share for the current fiscal year.
Shoe Carnival Dividend Announcement
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The firm also recently declared a quarterly dividend, which was paid on Monday, July 25th. Shareholders of record on Monday, July 11th were given a dividend of $0.09 per share. This represents a dividend of $0.36 on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, July 8th. Shoe Carnival’s dividend payout ratio is currently 8.28%.
Wall Street analysts predict growth
A number of research firms recently published reports on SCVL. Monness Crespi & Hardt decreased their price objective on Shoe Carnival to $40.00 and set a sector weight rating for the company in a report on Thursday, May 19th. StockNews.com lowered Shoe Carnival from a buy rating to a hold rating in a research note on Saturday.
Institutional inflows and outflows
A number of hedge funds have recently bought and sold shares of SCVL. Dimensional Fund Advisors LP raised its stake in shares of Shoe Carnival by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,032,032 shares of the company’s stock valued at $59,255,000 after buying an additional 24,838 shares during the period. Vanguard Group Inc. raised its stake in shares of Shoe Carnival by 6.9% during the first quarter. Vanguard Group Inc. now owns 1,527,571 shares of the company’s stock worth $44,545,000 after purchasing an additional 97,942 shares during the period. State Street Corp raised its stake in shares of Shoe Carnival by 11.8% during the second quarter. State Street Corp now owns 738,735 shares of the company’s stock valued at $15,964,000 after buying an additional 77,688 shares during the period. LSV Asset Management lifted its holdings in Shoe Carnival by 2.0% during the first quarter. LSV Asset Management now owns 419,524 shares of the company’s stock valued at $12,233,000 after purchasing an additional 8,100 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Shoe Carnival by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 220,583 shares of the company’s stock valued at $6,433,000 after buying an additional 3,066 shares during the last quarter. 64.04% of the shares are currently owned by institutional investors.
About shoe carnivals
(Get rating)
Shoe Carnival, Inc., together with its subsidiaries, operates as a family-owned footwear retailer in the United States. The company offers ranges of clothing, casual, work and athletic footwear, as well as sandals and boots for men, women and children; and different accessories. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Carnival Shoe banner; and 21 locations throughout the Southeast under the Shoe Station banner.
See also
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