ProShare Advisors LLC Increases Stock Holdings in Shoe Carnival, Inc. $SCVL

ProShare Advisors LLC increased its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL) by 33.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 340,912 shares of the company’s stock after acquiring an additional 84,861 shares during the period. ProShare Advisors LLC’s holdings in Shoe Carnival were worth $5,755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hodges Capital Management Inc. lifted its stake in Shoe Carnival by 1.3% in the third quarter. Hodges Capital Management Inc. now owns 444,302 shares of the company’s stock worth $9,237,000 after acquiring an additional 5,882 shares during the period. Wasatch Advisors LP lifted its stake in Shoe Carnival by 8.5% in the third quarter. Wasatch Advisors LP now owns 397,677 shares of the company’s stock worth $8,268,000 after acquiring an additional 31,024 shares during the period. Nokomis Capital L.L.C. lifted its stake in Shoe Carnival by 13.0% in the third quarter. Nokomis Capital L.L.C. now owns 374,103 shares of the company’s stock worth $7,778,000 after acquiring an additional 43,000 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Shoe Carnival by 35.0% in the second quarter. Cubist Systematic Strategies LLC now owns 321,840 shares of the company’s stock worth $6,022,000 after acquiring an additional 83,360 shares during the period. Finally, Millennium Management LLC lifted its stake in Shoe Carnival by 215.9% in the first quarter. Millennium Management LLC now owns 321,764 shares of the company’s stock worth $7,076,000 after acquiring an additional 219,918 shares during the period. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Trading Down 3.5%

Shares of Shoe Carnival stock opened at $16.66 on Friday. The firm has a market capitalization of $457.82 million, a P/E ratio of 12.34 and a beta of 1.44. The business has a fifty day simple moving average of $17.30 and a two-hundred day simple moving average of $18.12. Shoe Carnival, Inc. has a 12 month low of $14.91 and a 12 month high of $26.57.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $270.73 million during the quarter, compared to analyst estimates of $268.73 million. Shoe Carnival had a return on equity of 7.24% and a net margin of 3.31%.The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. Analysts predict that Shoe Carnival, Inc. will post 1.5 earnings per share for the current year.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 6th were given a dividend of $0.17 per share. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, April 6th. Shoe Carnival’s payout ratio is 50.37%.

Wall Street Analyst Weigh In

A number of analysts recently commented on SCVL shares. Williams Trading set a $22.00 price target on Shoe Carnival in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Shoe Carnival in a research note on Friday, March 27th. Finally, Zacks Research raised Shoe Carnival from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $22.00.

Shoe Carnival News Roundup

Here are the key news stories impacting Shoe Carnival this week:

• Positive Sentiment: Shoe Carnival posted first-quarter EPS of $0.23, beating the $0.20 consensus, and revenue of $270.7 million also topped estimates. Conference Call / Earnings Report
• Positive Sentiment: Management highlighted improving sales trends, including a 2.2% decline in Shoe Carnival banner sales, which was better than prior fiscal 2025 trends and suggests some stabilization in the business. Q1 2026 Results
• Positive Sentiment: Several market commentaries pointed to the stock’s attractive valuation, with one noting the shares trade at a single-digit earnings multiple ex-cash, which may appeal to value investors if the turnaround continues. Valuation Commentary
• Neutral Sentiment: Despite the beat, revenue still declined 2.5% year over year and EPS was below last year’s $0.34, underscoring that the recovery is still early.
• Negative Sentiment: Some analysts warned the stock could remain volatile because the business is still working through broader retail headwinds and the shares may be vulnerable if momentum fades.

Insider Buying and Selling

In other news, CFO W Kerry Jackson acquired 31,000 shares of the stock in a transaction on Thursday, April 2nd. The stock was acquired at an average price of $16.13 per share, with a total value of $500,030.00. Following the completion of the transaction, the chief financial officer owned 215,529 shares of the company’s stock, valued at $3,476,482.77. This represents a 16.80% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 33.60% of the company’s stock.

Shoe Carnival Profile

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.