Shoe Carnival Inc. (NASDAQ:SCVL) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.45-1.51 for the period, compared to the Thomson Reuters consensus estimate of $1.60. The company issued revenue guidance of $1.002-1.006 billion, compared to the consensus revenue estimate of $1.01 billion.

Shoe Carnival Inc. (NASDAQ:SCVL) opened at 26.15 on Wednesday. The company has a market cap of $492.20 million, a price-to-earnings ratio of 17.81 and a beta of 0.90. Shoe Carnival Inc. has a 12-month low of $19.60 and a 12-month high of $31.79. The firm’s 50-day moving average is $27.03 and its 200 day moving average is $26.23.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Monday, November 28th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.02. Shoe Carnival had a net margin of 2.84% and a return on equity of 8.33%. The company had revenue of $274.50 million for the quarter. During the same period in the previous year, the firm earned $0.47 EPS. Shoe Carnival’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts expect that Shoe Carnival Inc. will post $1.61 earnings per share for the current fiscal year.

Earnings History and Estimates for Shoe Carnival (NASDAQ:SCVL)

Several equities analysts have recently weighed in on SCVL shares. Zacks Investment Research upgraded Shoe Carnival from a sell rating to a hold rating in a report on Tuesday, August 23rd. Jefferies Group raised their price target on Shoe Carnival from $24.00 to $29.00 and gave the company a hold rating in a report on Thursday, September 1st. Finally, Susquehanna started coverage on Shoe Carnival in a report on Thursday, September 15th. They set a neutral rating and a $27.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $27.80.

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A number of hedge funds and other institutional investors have recently modified their holdings of SCVL. Principal Financial Group Inc. bought a new position in shares of Shoe Carnival during the third quarter worth $2,728,000. Ameriprise Financial Inc. bought a new position in shares of Shoe Carnival during the third quarter worth $2,076,000. Two Sigma Advisers LP bought a new position in shares of Shoe Carnival during the third quarter worth $1,420,000. Bridgeway Capital Management Inc. increased its position in shares of Shoe Carnival by 37.6% in the second quarter. Bridgeway Capital Management Inc. now owns 121,100 shares of the company’s stock worth $3,035,000 after buying an additional 33,100 shares during the period. Finally, WBI Investments Inc. bought a new position in shares of Shoe Carnival during the second quarter worth $663,000. Institutional investors own 66.55% of the company’s stock.

About Shoe Carnival

Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. The Company’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic footwear for men, women and children.

5 Day Chart for NASDAQ:SCVL

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