Seaport Res Ptn Predicts Shoe Carnival FY2028 Earnings

Shoe Carnival, Inc. (NASDAQ:SCVL) – Stock analysts at Seaport Res Ptn issued their FY2028 earnings estimates for Shoe Carnival in a research note issued to investors on Tuesday, March 11th. Seaport Res Ptn analyst M. Kummetz expects that the company will earn $3.22 per share for the year. The consensus estimate for Shoe Carnival’s current full-year earnings is $2.60 per share.

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

Shoe Carnival Price Performance

Shares of SCVL opened at $21.52 on Thursday. The firm’s 50 day simple moving average is $26.55 and its 200 day simple moving average is $33.85. The company has a market capitalization of $584.81 million, a P/E ratio of 7.91 and a beta of 1.50. Shoe Carnival has a 1-year low of $20.51 and a 1-year high of $46.92.

Shoe Carnival declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 12th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new position in Shoe Carnival during the third quarter valued at approximately $62,000. Quarry LP bought a new position in Shoe Carnival during the third quarter valued at approximately $66,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Shoe Carnival during the third quarter valued at approximately $76,000. KLP Kapitalforvaltning AS bought a new position in Shoe Carnival during the fourth quarter valued at approximately $99,000. Finally, SG Americas Securities LLC bought a new position in Shoe Carnival during the fourth quarter valued at approximately $178,000. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Company Profile

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.