Shoe Carnival (NASDAQ:SHOE) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Shoe Carnival (NASDAQ:SHOE) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks reports.

Several other equities analysts have also recently commented on SHOE. Weiss Ratings restated a “hold (c-)” rating on shares of Shoe Carnival in a research report on Friday. Wall Street Zen cut Shoe Carnival from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $22.00.

Shoe Carnival Stock Performance

Shares of NASDAQ:SHOE opened at $13.27 on Monday. The firm has a fifty day moving average price of $14.74. The company has a market cap of $360.68 million, a P/E ratio of 15.08 and a beta of 1.40. Shoe Carnival has a one year low of $10.20 and a one year high of $24.10.

Shoe Carnival (NASDAQ:SHOE) last released its quarterly earnings results on Thursday, September 10th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.11). The firm had revenue of $284.31 million during the quarter, compared to the consensus estimate of $299.19 million. Shoe Carnival had a return on equity of 5.32% and a net margin of 2.20%.The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. As a group, sell-side analysts forecast that Shoe Carnival will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shoe Carnival

A number of institutional investors have recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Shoe Carnival in the 2nd quarter worth $152,000. Integrated Wealth Concepts LLC purchased a new stake in Shoe Carnival during the second quarter valued at about $46,000. Corient Private Wealth LP bought a new position in shares of Shoe Carnival during the second quarter valued at about $292,000. AXQ Capital LP bought a new position in shares of Shoe Carnival during the second quarter valued at about $394,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Shoe Carnival in the second quarter worth about $506,000. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Company Profile

Shoe Carnival, Inc is a family footwear retailer that sells shoes, sandals, boots, athletic footwear, accessories and related products for women, men and children. Its merchandise assortment includes national brands as well as private-label products, with offerings spanning casual, dress, work and athletic categories.

The company operates through a network of retail stores and an e-commerce platform, serving customers primarily in the United States. Shoe Carnival emphasizes value-oriented pricing, frequent promotions and an in-store shopping experience designed to appeal to families and budget-conscious consumers.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded through organic growth and acquisitions, including its purchase of Shoe Station.