Wall Street brokerages expect Shoe Carnival, Inc. (NASDAQ:SCVL) to post sales of $265.90 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Shoe Carnival’s earnings. The lowest sales estimate is $264.80 million and the highest is $267.00 million. Shoe Carnival reported sales of $235.06 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.1%. The firm is expected to report its next quarterly earnings results on Wednesday, August 29th.
According to Zacks, analysts expect that Shoe Carnival will report full-year sales of $1.02 billion for the current year. For the next year, analysts anticipate that the company will post sales of $1.02 billion per share, with estimates ranging from $1.01 billion to $1.03 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Shoe Carnival.
Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, May 24th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. Shoe Carnival had a net margin of 2.31% and a return on equity of 9.61%. The company had revenue of $257.40 million during the quarter, compared to analysts’ expectations of $261.82 million. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s revenue was up 1.6% on a year-over-year basis.
Shares of Shoe Carnival traded down $0.37, reaching $32.74, during trading on Monday, MarketBeat Ratings reports. The company’s stock had a trading volume of 232,500 shares, compared to its average volume of 270,072. Shoe Carnival has a 52-week low of $15.07 and a 52-week high of $34.98. The stock has a market capitalization of $562.09 million, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.85.
In other Shoe Carnival news, Director Jeffrey C. Gerstel sold 1,200 shares of the stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $24.48, for a total transaction of $29,376.00. Following the completion of the sale, the director now owns 4,893 shares of the company’s stock, valued at approximately $119,780.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Clifton E. Sifford sold 7,500 shares of the stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $23.75, for a total transaction of $178,125.00. Following the sale, the chief executive officer now directly owns 238,903 shares of the company’s stock, valued at approximately $5,673,946.25. The disclosure for this sale can be found here. Insiders have sold a total of 14,842 shares of company stock valued at $372,032 in the last three months. 22.70% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH purchased a new stake in Shoe Carnival during the 1st quarter valued at $219,000. WINTON GROUP Ltd boosted its position in Shoe Carnival by 333.6% during the 1st quarter. WINTON GROUP Ltd now owns 182,818 shares of the company’s stock valued at $4,351,000 after buying an additional 140,656 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Shoe Carnival during the 1st quarter valued at $328,000. Foundry Partners LLC boosted its position in Shoe Carnival by 13.2% during the 1st quarter. Foundry Partners LLC now owns 198,575 shares of the company’s stock valued at $4,726,000 after buying an additional 23,100 shares during the period. Finally, Element Capital Management LLC purchased a new stake in Shoe Carnival during the 1st quarter valued at $251,000. 82.61% of the stock is owned by institutional investors and hedge funds.
Shoe Carnival Company Profile
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Shoe Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shoe Carnival and related companies with MarketBeat.com's FREE daily email newsletter.