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.

Wall Avenue Analysts Forecast Progress

Individually, StockNews.com lower Shoe Carnival from a purchase score to a maintain score in a analysis word on Saturday, August twenty seventh.

Shoe Carnival Inventory Up 0.5 %

Shares of SCVL stock opened at $22.46 on Tuesday. The inventory has a market cap of $620.12 million, a price-to-earnings ratio of 5.16 and a beta of 1.36. The enterprise’s fifty day shifting common is $23.40 and its 200 day shifting common is $26.69. 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 issued its quarterly earnings outcomes on Thursday, August twenty fifth. The corporate reported $1.04 earnings per share for the quarter, topping the consensus estimate 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 interval within the earlier 12 months, the enterprise earned $1.54 EPS. Equities analysis analysts anticipate that Shoe Carnival will submit 3.86 earnings per share for the present fiscal 12 months.

Shoe Carnival Pronounces Dividend

The corporate additionally lately declared a quarterly dividend, which was paid on Monday, July twenty fifth. Buyers of document on Monday, July eleventh have been paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, July eighth. This represents a $0.36 annualized dividend and a yield of 1.60%. Shoe Carnival’s payout ratio is 8.28%.

Insider Shopping for and Promoting

In different Shoe Carnival information, Director Andrea R. Guthrie bought 1,665 shares of the enterprise’s inventory in a transaction on Tuesday, August thirtieth. The inventory was bought at a mean value of $24.04, for a complete worth of $40,026.60. Following the sale, the director now immediately owns 26,398 shares of the corporate’s inventory, valued at $634,607.92. The transaction was disclosed in a submitting with the Securities & Change Fee, which is on the market at this hyperlink. 32.60% of the inventory is owned by insiders.

Institutional Buyers Weigh In On Shoe Carnival

A number of hedge funds have lately added to or decreased their stakes in SCVL. JPMorgan Chase & Co. boosted its holdings in Shoe Carnival by 16.1% within the first quarter. JPMorgan Chase & Co. now owns 100,133 shares of the corporate’s inventory price $2,920,000 after buying an extra 13,912 shares within the final quarter. Financial institution of New York Mellon Corp boosted its holdings in Shoe Carnival by 1.4% within the first 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 within the final quarter. MetLife Funding Administration LLC boosted its holdings in Shoe Carnival by 69.4% within the first quarter. MetLife Funding Administration LLC now owns 10,388 shares of the corporate’s inventory price $303,000 after buying an extra 4,256 shares within the final quarter. Rhumbline Advisers boosted its holdings in Shoe Carnival by 4.6% within the first quarter. Rhumbline Advisers now owns 44,618 shares of the corporate’s inventory price $1,301,000 after buying an extra 1,964 shares within the final quarter. Lastly, Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS boosted its holdings in Shoe Carnival by 13.8% within the first quarter. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS now owns 15,054 shares of the corporate’s inventory price $439,000 after buying an extra 1,822 shares within the final quarter. 64.04% of the inventory is owned by institutional buyers.

About Shoe Carnival

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

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