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

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

Wall Road Analyst Weigh In

Various analysis corporations just lately weighed in on SCVL. Monness Crespi & Hardt decreased their worth goal on Shoe Carnival to $40.00 and set a sector weight score for the corporate in a analysis report on Thursday, Might nineteenth. StockNews.com lowered Shoe Carnival from a purchase score to a maintain score in a analysis report on Saturday, August twenty seventh.

Shoe Carnival Buying and selling Down 1.4 %

Shoe Carnival stock opened at $23.06 on Tuesday. The agency has a market cap of $636.69 million, a price-to-earnings ratio of 5.30 and a beta of 1.36. The inventory has a fifty day easy transferring common of $23.11 and a two-hundred day easy transferring common of $27.31. Shoe Carnival has a 12 month low of $20.03 and a 12 month excessive of $46.21.

Shoe Carnival (NASDAQ:SCVL – Get Rating) final posted its 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 internet margin of 9.48%. Throughout the identical interval final 12 months, the enterprise posted $1.54 earnings per share. On common, equities analysis analysts forecast that Shoe Carnival will submit 3.86 EPS for the present fiscal 12 months.

Shoe Carnival Dividend Announcement

The agency additionally just lately introduced a quarterly dividend, which was paid on Monday, July twenty fifth. Shareholders of report on Monday, July eleventh had been issued a $0.09 dividend. This represents a $0.36 dividend on an annualized foundation and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, July eighth. Shoe Carnival’s payout ratio is 8.28%.

Insider Transactions at Shoe Carnival

In different information, Director Andrea R. Guthrie offered 1,665 shares of the agency’s inventory in a transaction on Tuesday, August thirtieth. The inventory was offered at a mean worth of $24.04, for a complete worth of $40,026.60. Following the transaction, the director now straight owns 26,398 shares within the firm, valued at roughly $634,607.92. The transaction was disclosed in a doc filed with the SEC, which is accessible by way of this link. Firm insiders personal 32.60% of the corporate’s inventory.

Hedge Funds Weigh In On Shoe Carnival

Institutional traders and hedge funds have just lately modified their holdings of the corporate. Captrust Monetary Advisors raised its holdings in Shoe Carnival by 54.3% in the course of the first quarter. Captrust Monetary Advisors now owns 2,278 shares of the corporate’s inventory valued at $66,000 after buying a further 802 shares in the course of the interval. Point72 Hong Kong Ltd boosted its holdings in shares of Shoe Carnival by 14.8% within the second quarter. Point72 Hong Kong Ltd now owns 4,661 shares of the corporate’s inventory valued at $101,000 after buying a further 602 shares in the course of the interval. MetLife Funding Administration LLC raised its place in shares of Shoe Carnival by 69.4% within the 1st quarter. MetLife Funding Administration LLC now owns 10,388 shares of the corporate’s inventory value $303,000 after buying a further 4,256 shares within the final quarter. Guggenheim Capital LLC lifted its stake in shares of Shoe Carnival by 11.1% in the course of the 1st quarter. Guggenheim Capital LLC now owns 12,426 shares of the corporate’s inventory value $362,000 after buying a further 1,237 shares over the past quarter. Lastly, Thrivent Monetary for Lutherans lifted its stake in shares of Shoe Carnival by 18.2% in the course of the 2nd quarter. Thrivent Monetary for Lutherans now owns 16,804 shares of the corporate’s inventory value $363,000 after buying a further 2,588 shares over the past quarter. 64.04% of the inventory is at the moment owned by hedge funds and different institutional traders.

About Shoe Carnival

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

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This prompt information alert was generated by narrative science expertise and monetary information from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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