Shoe Carnival, Inc. (NASDAQ:SCVL) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.36-1.38 for the period, compared to the Thomson Reuters consensus estimate of $1.49. The company issued revenue guidance of $1.000-1.003, compared to the consensus revenue estimate of $1.00 billion.

A number of brokerages have recently commented on SCVL. Mizuho began coverage on shares of Shoe Carnival in a report on Thursday, December 15th. They issued a neutral rating and a $28.00 target price on the stock. Susquehanna reaffirmed a neutral rating and issued a $27.00 target price on shares of Shoe Carnival in a report on Wednesday, November 30th. Jefferies Group reaffirmed a hold rating and issued a $28.00 target price (down from $29.00) on shares of Shoe Carnival in a report on Tuesday, November 29th. Finally, Zacks Investment Research cut shares of Shoe Carnival from a hold rating to a sell rating in a report on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $27.83.

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

Shoe Carnival, Inc. (NASDAQ:SCVL) opened at 25.49 on Tuesday. The firm has a 50-day moving average of $28.37 and a 200 day moving average of $27.00. Shoe Carnival, Inc. has a 52 week low of $20.98 and a 52 week high of $31.79. The firm has a market capitalization of $469.58 million, a PE ratio of 16.78 and a beta of 0.87.

Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Monday, November 28th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.02. The business had revenue of $274.50 million for the quarter. Shoe Carnival had a net margin of 2.86% and a return on equity of 8.51%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. Analysts predict that Shoe Carnival, Inc. will post $1.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 23rd. Stockholders of record on Monday, January 9th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, January 5th. Shoe Carnival’s dividend payout ratio (DPR) is currently 18.30%.

In related news, Director Kent A. Kleeberger sold 1,500 shares of the firm’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $27.17, for a total transaction of $40,755.00. Following the transaction, the director now directly owns 15,957 shares in the company, valued at $433,551.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.50% of the company’s stock.

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Institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new position in shares of Shoe Carnival during the third quarter valued at about $280,000. Two Sigma Advisers LP purchased a new position in shares of Shoe Carnival during the third quarter valued at about $1,420,000. Principal Financial Group Inc. purchased a new position in shares of Shoe Carnival during the third quarter valued at about $2,728,000. Northern Trust Corp boosted its position in shares of Shoe Carnival by 1.3% in the third quarter. Northern Trust Corp now owns 557,079 shares of the company’s stock valued at $14,852,000 after buying an additional 7,419 shares during the period. Finally, American International Group Inc. boosted its position in shares of Shoe Carnival by 28.8% in the third quarter. American International Group Inc. now owns 10,611 shares of the company’s stock valued at $283,000 after buying an additional 2,375 shares during the period. Hedge funds and other institutional investors own 67.99% of the company’s stock.

Shoe Carnival Company Profile

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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