Shoe Carnival (SCVL) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Shoe Carnival (NASDAQ:SCVL) posted its quarterly earnings data on Wednesday. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.06), Briefing.com reports. The firm had revenue of $253.80 million for the quarter, compared to the consensus estimate of $259.24 million. Shoe Carnival had a return on equity of 12.42% and a net margin of 3.70%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 EPS. Shoe Carnival updated its FY 2019 guidance to $2.73-2.83 EPS and its FY20 guidance to $2.73-2.83 EPS.

NASDAQ SCVL opened at $27.16 on Friday. The company has a market cap of $447.93 million, a P/E ratio of 11.09 and a beta of 0.76. Shoe Carnival has a 52 week low of $25.50 and a 52 week high of $45.00.

In related news, Director Jeffrey C. Gerstel sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $36.50, for a total transaction of $43,800.00. Following the completion of the transaction, the director now owns 5,526 shares in the company, valued at approximately $201,699. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.60% of the company’s stock.



A number of institutional investors have recently modified their holdings of SCVL. Bank of New York Mellon Corp increased its stake in Shoe Carnival by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 195,908 shares of the company’s stock valued at $7,543,000 after purchasing an additional 18,093 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Shoe Carnival by 53.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,488 shares of the company’s stock valued at $3,946,000 after purchasing an additional 35,716 shares in the last quarter. MetLife Investment Advisors LLC increased its stake in Shoe Carnival by 51.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 6,242 shares of the company’s stock valued at $240,000 after purchasing an additional 2,128 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Shoe Carnival by 23.1% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 68,819 shares of the company’s stock valued at $2,650,000 after purchasing an additional 12,910 shares in the last quarter. Finally, Morgan Stanley increased its stake in Shoe Carnival by 6.0% during the 3rd quarter. Morgan Stanley now owns 58,872 shares of the company’s stock valued at $2,266,000 after purchasing an additional 3,318 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Several research analysts recently commented on SCVL shares. BidaskClub lowered shares of Shoe Carnival from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. ValuEngine lowered shares of Shoe Carnival from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Wedbush reiterated an “outperform” rating and set a $47.00 price objective on shares of Shoe Carnival in a research note on Monday, March 18th. Pivotal Research reiterated a “buy” rating and set a $45.00 price objective on shares of Shoe Carnival in a research note on Wednesday, March 20th. Finally, Zacks Investment Research lowered shares of Shoe Carnival from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Shoe Carnival has a consensus rating of “Hold” and a consensus target price of $40.80.

ILLEGAL ACTIVITY WARNING: “Shoe Carnival (SCVL) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS” was published by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://dakotafinancialnews.com/2019/05/24/shoe-carnival-scvl-releases-quarterly-earnings-results-misses-estimates-by-0-06-eps.html.

About Shoe Carnival

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, scarves, and wallets.

Read More: Google Finance Portfolio Workaround

Earnings History for Shoe Carnival (NASDAQ:SCVL)

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.