Shoe Carnival (NASDAQ:SCVL) Points FY 2022 Earnings Steerage

Shoe Carnival (NASDAQ:SCVL – Get Rating) up to date its FY 2022 earnings steerage on Tuesday. The corporate offered EPS steerage of $3.95-$4.15 for the interval, in comparison with the consensus EPS estimate of $3.95. The corporate issued income steerage of $1.29 billion-$1.34 billion, in comparison with the consensus income estimate of $1.38 billion.

Shoe Carnival Buying and selling Down 1.7 %

Shares of NASDAQ SCVL traded down $0.43 throughout mid-day buying and selling on Tuesday, reaching $24.28. 4,266 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 374,817. The agency has a market capitalization of $669.89 million, a price-to-earnings ratio of 5.68 and a beta of 1.41. The enterprise has a fifty day easy transferring common of $23.15 and a 200 day easy transferring common of $27.41. Shoe Carnival has a twelve month low of $20.03 and a twelve month excessive of $46.21.

Shoe Carnival (NASDAQ:SCVL – Get Rating) final launched its quarterly earnings outcomes on Thursday, August twenty fifth. The corporate reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Shoe Carnival had a return on fairness of 27.73% and a web margin of 9.48%. Throughout the identical quarter final 12 months, the corporate earned $1.54 EPS. Equities analysis analysts predict that Shoe Carnival will put up 3.86 earnings per share for the present fiscal 12 months.

Shoe Carnival Dividend Announcement

The agency additionally not too long ago declared a quarterly dividend, which was paid on Monday, July twenty fifth. Stockholders of report on Monday, July eleventh got a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized foundation and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, July eighth. Shoe Carnival’s dividend payout ratio is at present 8.28%.

Wall Road Analysts Forecast Development

Quite a few analysis companies not too long ago issued stories on SCVL. Monness Crespi & Hardt decreased their worth goal on Shoe Carnival to $40.00 and set a sector weight ranking for the corporate in a report on Thursday, Might nineteenth. StockNews.com downgraded Shoe Carnival from a purchase ranking to a maintain ranking in a analysis notice on Saturday.

Institutional Inflows and Outflows

Quite a few hedge funds have not too long ago purchased and bought shares of SCVL. Dimensional Fund Advisors LP boosted its stake in shares of Shoe Carnival by 1.2% in the course of the 1st quarter. Dimensional Fund Advisors LP now owns 2,032,032 shares of the corporate’s inventory price $59,255,000 after buying an extra 24,838 shares in the course of the interval. Vanguard Group Inc. boosted its stake in shares of Shoe Carnival by 6.9% in the course of the 1st quarter. Vanguard Group Inc. now owns 1,527,571 shares of the corporate’s inventory price $44,545,000 after buying an extra 97,942 shares in the course of the interval. State Road Corp boosted its stake in shares of Shoe Carnival by 11.8% in the course of the 2nd quarter. State Road Corp now owns 738,735 shares of the corporate’s inventory price $15,964,000 after buying an extra 77,688 shares in the course of the interval. LSV Asset Administration lifted its holdings in Shoe Carnival by 2.0% in the course of the 1st quarter. LSV Asset Administration now owns 419,524 shares of the corporate’s inventory price $12,233,000 after buying an extra 8,100 shares over the last quarter. Lastly, Financial institution of New York Mellon Corp lifted its holdings in Shoe Carnival by 1.4% in the course of the 1st quarter. Financial institution of New York Mellon Corp now owns 220,583 shares of the corporate’s inventory price $6,433,000 after buying an extra 3,066 shares over the last quarter. 64.04% of the inventory is at present owned by institutional traders.

About Shoe Carnival

Shoe Carnival, Inc, along with its subsidiaries, operates as a household footwear retailer in the USA. The corporate affords vary of gown, informal, work, and athletic footwear, in addition to sandals and boots for males, ladies, and youngsters; and varied equipment. As of January 29, 2022, it operated 372 shops in 35 states and Puerto Rico below the Shoe Carnival banner; and 21 places throughout the Southeast below the Shoe Station banner.

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