Analysts expect Shoe Carnival, Inc. (NASDAQ:SCVL) to post sales of $244.95 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Shoe Carnival’s earnings, with the lowest sales estimate coming in at $244.00 million and the highest estimate coming in at $245.90 million. Shoe Carnival reported sales of $234.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The business is scheduled to announce its next earnings report on Thursday, March 22nd.
According to Zacks, analysts expect that Shoe Carnival will report full year sales of $244.95 million for the current year. For the next financial year, analysts anticipate that the company will post sales of $1.01 billion per share. Zacks’ sales averages are an average based on a survey of research analysts that cover Shoe Carnival.
Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, November 16th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.08. Shoe Carnival had a return on equity of 7.81% and a net margin of 2.17%. The business had revenue of $287.47 million for the quarter, compared to the consensus estimate of $286.90 million.
Shoe Carnival (NASDAQ SCVL) opened at $25.24 on Tuesday. Shoe Carnival has a 52-week low of $15.07 and a 52-week high of $30.75. The company has a market capitalization of $443.54, a PE ratio of 17.97, a PEG ratio of 1.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.16 and a quick ratio of 0.43.
In other news, Director Charles B. Tomm bought 11,190 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average cost of $22.69 per share, for a total transaction of $253,901.10. Following the completion of the transaction, the director now owns 16,948 shares of the company’s stock, valued at $384,550.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new stake in Shoe Carnival during the third quarter worth approximately $304,000. California Public Employees Retirement System increased its stake in Shoe Carnival by 24.5% during the third quarter. California Public Employees Retirement System now owns 61,990 shares of the company’s stock worth $1,387,000 after acquiring an additional 12,190 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Shoe Carnival during the third quarter worth approximately $224,000. Highbridge Capital Management LLC bought a new stake in Shoe Carnival during the third quarter worth approximately $581,000. Finally, OxFORD Asset Management LLP increased its stake in Shoe Carnival by 100.5% during the third quarter. OxFORD Asset Management LLP now owns 51,784 shares of the company’s stock worth $1,152,000 after acquiring an additional 25,952 shares during the last quarter. 65.82% of the stock is currently owned by institutional investors.
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About Shoe Carnival
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. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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