Shoe Carnival Stock (NASDAQ:SCVL), Trade Ideas

Shoe Carnival

Shoe Carnival Inc is a family footwear retailer that offers a broad assortment of dress, casual and athletic footwear for men, women, and children with an emphasis on national name brands such as Nike, Skechers, Adidas, Puma, HEYDUDE, Converse, Vans, and Crocs. They operate their business as one reportable segment based on the similar nature of products sold; merchandising, distribution, and marketing processes involved; target customers; and economic characteristics of our stores and e-commerce platforms. Its bricks-first, omnichannel approach provides customers easy access to a wide assortment of branded footwear for work, athletics, daily activities, and special events via a choice of delivery channel.

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The Nasdaq 100 closed higher by around 0.4% on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Agilent, Shoe Carnival And 2 Other Stocks Insiders Are Selling

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Bulls are on fire in the aftermath of the Federal Reserve’s March policy meeting, igniting a rally in stocks across the board on Wall Street.



The S&amp;P 500 index surged above 5,250 points, continuing its upward trajectory to set new record highs. All eleven sectors of the S&amp;P 500 posted gains. 

Bulls Stampede On Fed&#39;s Dovish Signal, Nasdaq 100 Hits New Record High, DOJ Sues Apple: What&#39;s Driving Markets Thursday?

Shoe Carnival Inc

The Nasdaq 100 closed lower by around 100 points on Thursday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading" id="h-meta-platforms">Meta Platforms</h3>
<ul>
<li>The Trade: Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Chief Legal Officer Jennifer Newstead <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 585 shares</a> at an average price of $498.59. The insider received around $291,675 from selling those shares.</li>
<li>What's Happening: Meta Platforms announced new features in its Meta AI assistant, including expanded availability and real-time image creation capabilities.</li>
<li>What Meta Platforms Does: Meta is the world&#8217;s largest online social network, with nearly 4 billion family of apps monthly active users.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading" id="h-pure-storage">Pure Storage</h3>
<ul>
<li>The Trade: Pure Storage, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) Chief Revenue Officer Dan Fitzsimons <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 29,283 shares</a> at an average price of $52.14. The insider received around $1.53 million from selling those shares.</li>
<li>What's Happening: On April 11, Susquehanna analyst Mehdi Hosseini maintained Pure Storage with a Positive and raised the price target from $45 to $65.</li>
<li>What Pure Storage Does: Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs.</li>
</ul>
<h3 class="wp-block-heading" id="h-shoe-carnival">Shoe Carnival</h3>
<ul>
<li>The Trade: Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) Director Andrea R. Guthrie <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,467 shares</a> at an average price of $32.46. The insider received around $80,079 from selling those shares.</li>
<li>What's Happening: On March 21, Shoe Carnival reported a fourth-quarter FY23 sales decline of 3.7% year-on-year to $280.17 million, marginally missing the analyst consensus estimate of $280.27 million.</li>
<li>What Shoe Carnival Does: Shoe Carnival Inc is a family footwear retailer that offers a broad assortment of dress, casual and athletic footwear for men, women, and children with an emphasis on national name brands such as Nike, Skechers, Adidas, Puma, HEYDUDE, Converse, Vans, and Crocs.</li>
</ul>
<h3 class="wp-block-heading" id="h-biolife-solutions">BioLife Solutions</h3>
<ul>
<li>The Trade: BioLife Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFS#NASDAQ">BLFS</a>) Chief Marketing Officer Todd Berard <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 10,000 shares</a> at an average price of $15.67. The insider received around $156,700 from selling those shares.</li>
<li>What's Happening: BioLife Solutions announceD the divestiture of its Stirling Freezer Business.</li>
<li>What BioLife Solutions Does: BioLife Solutions Inc is active in the healthcare segment.</li>
</ul>

Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38329059/netflix-procter-gamble-and-3-stocks-to-watch-heading-into-friday">Netflix, Procter &amp; Gamble And 3 Stocks To Watch Heading Into Friday</a>

The Nasdaq 100 closed higher by around 0.4% on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Arista Networks </h3>
<ul>
<li>The Trade: Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) President and CEO Jayshree Ullal <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 22,000 shares </a> at an average price of $301.45. The insider received around $6.63 million from selling those shares.</li>
<li>What&rsquo;s Happening: On March 27, Evercore ISI Group analyst Amit Daryanani maintained Arista Networks with an Outperform and maintained a $300 price target.</li>
<li>What Arista Networks Does: Arista Networks Inc is a networking equipment provider that primarily sells Ethernet switches and software to data centers.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Shoe Carnival</h3>
<ul>
<li>The Trade: Shoe Carnival, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scvl#NASDAQ">SCVL</a>) SEVP - Chief Merchandise Officer Carl N. Scibetta <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 15,000 shares </a> at an average price of $35.45. The insider received around $531,750 from selling those shares.</li>
<li>What&rsquo;s Happening: On March 21, Shoe Carnival reported a fourth-quarter FY23 sales decline of 3.7% year-on-year to $280.17 million, marginally missing the analyst consensus estimate of $280.27 million.</li>
<li>What Shoe Carnival Does: Shoe Carnival Inc is a family footwear retailer that offers a broad assortment of dress, casual and athletic footwear for men, women, and children with an emphasis on national name brands such as Nike, Skechers, Adidas, Puma, HEYDUDE, Converse, Vans, and Crocs.</li>
</ul>
<h3>KLA Corporation </h3>
<ul>
<li>The Trade: KLA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klac#NASDAQ">KLAC</a>) Executive Vice President Oreste Donzella <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 3,257 shares </a> at an average price of $697.85. The insider received around $2.27 million from selling those shares.</li>
<li>What&rsquo;s Happening: On March 25, Stifel analyst Brian Chin reiterated KLA with a Buy and maintained a $685 price target.</li>
<li>What KLA Corporation Does: KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world.</li>
</ul>
<h3>Agilent Technologies </h3>
<ul>
<li>The Trade: Agilent Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/a#NYSE">A</a>) Senior Vice President Philip Binns <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 2,827 shares </a> at an average price of $147.54. The insider received around $417,096 from selling those shares.</li>
<li>What&rsquo;s Happening: On March 26, Oppenheimer analyst Ian Zaffino maintained Agilent Technologies with an Outperform and raised the price target from $67 to $90.</li>
<li>What Agilent Does: Originally spun out of Hewlett-Packard in 1999, Agilent has evolved into a leading life sciences and diagnostics firm.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37951427/jim-cramer-visa-is-too-close-to-all-time-high-chart-industries-is-absolutely-terrific"> Jim Cramer: Visa Is &#39;Too Close To All-Time High,&#39; Chart Industries Is &#39;Absolutely Terrific&#39; </a>

Williams Trading analyst Sam Poser upgrades Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) from Hold to Buy and announces $40 price target.

Upgrades

Price Target

Williams Trading Upgrades Shoe Carnival to Buy, Announces $40 Price Target

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Shoe Carnival shares are trading higher. The company reported Q4 financial results.

Bulls are on fire in the aftermath of the Federal Reserve&#8217;s March policy meeting, igniting a rally in stocks across <a href="https://www.benzinga.com/markets">the board on Wall Street.</a>
The S&amp;P 500 index surged above 5,250 points, continuing its upward trajectory to set new record highs. All eleven sectors of the S&amp;P 500 posted gains. 
Meanwhile, the tech-heavy Nasdaq 100 surpassed 18,440 points, also achieving unprecedented all-time highs. The Dow Jones added over 300 points, edging closer to the historic milestone of 40,000 points.
In a notable display of risk sentiment, small caps also rose as evidenced by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) up by 0.9%. 
Shares of Apple Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NYSE">AAPL</a>) faced a setback, down over 3%, as the Justice Department and 16 state attorneys general filed an antitrust lawsuit against the tech giant. The lawsuit alleges that Apple exerted monopolistic control in the smartphone market.
The U.S. dollar index rose, driven by significant gains of the greenback against the British pound and the Swiss franc, the latter of which suffered due to an unforeseen rate cut by the Swiss National Bank.
Gold paused for a breather, down 0.5%, after closing above $2,200 on Wednesday. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 2% to $66,400. 

<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,447.55</td>
<td>1.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,099.85</td>
<td>0.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,837.39</td>
<td>0.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,261.46</td>
<td>0.7%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.7% $523.87, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.8% to $398.19 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.2% to $449.06, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Among sectors, the Industrials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) was the top performer for the day, up 1.1%, while the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) was the laggard with a flat performance. 
<h2 class="wp-block-heading">Thursday&#8217;s Stock Movers</h2>
<ul>
<li>Shares of Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) are indicated to open at $50-$52, in their first day of trading. </li>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) rallied nearly 16% following the memory chipmaker&#8217;s earnings announcement.</li>
<li>Chipmaker peers such as Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) rose 9% following a bullish note from Goldman Sachs. </li>
<li>Other stocks moving on earnings are Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) (down over 10%) and Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) (down about 15%), Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) (down 8%), Winnebago Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) (up over 5%) and Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) (up nearly 7%), Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) (down 6%). </li>
<li>Those reporting after the close include FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>), Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) and Worthington Steel, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>).</li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37875455/bank-stocks-hit-all-time-highs-analyst-points-to-further-rally-on-a-1995-soft-landi">Bank Stocks Hit All-Time Highs: Analyst Points To Further Rally On &#8216;A 1995 Soft Landing Scenario</a>&#8216;
Image created using artificial intelligence with Midjourney.

Bulls Stampede On Fed's Dovish Signal, Nasdaq 100 Hits New Record High, DOJ Sues Apple: What's Driving Markets Thursday?

Shoe Carnival Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) reported a fourth-quarter FY23 sales decline of 3.7% year-on-year to $280.17 million, marginally&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37864949/shoe-carnival-reports-fourth-quarter-and-fiscal-2023-results" rel="noreferrer noopener">missing the analyst consensus estimate of $280.27 million</a>.
Comparable store sales declined 9.4% in the quarter, primarily due to soft trends prior to the December holiday period and weather disruptions in January.
Gross profit fell 10.4% Y/Y to $99.7 million, with the margin contracting 270 basis points to 35.6%. Adj EPS of $0.59 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">was in line with the consensus.</a>
Selling, general and administrative expenses fell 3.5% Y/Y to $79.7 million. The operating margin compressed from 9.8 % to 7.1%, and operating income for the quarter declined 30.4% to $19.9 million.
Shoe Carnival held $111 million in cash and equivalents as of February 3, 2024. Net cash provided by operating activities for twelve months totaled $122.7 million.
As of February 3, 2024, the company had 400 stores, including 372 Shoe Carnival stores and 28 Shoe Station stores.
In March 2024, the company&#8217;s Board of Directors approved a dividend increase of 12.5% from $0.12 to 13.5 cents per share, payable on April 22, 2024, to shareholders of record as of the close of business on April 8, 2024.&nbsp;
As of March 21, 2024, the company has $50 million available for future repurchases under its share repurchase program. During the quarter, the company did not repurchase any shares.
Outlook: Shoe Carnival sees FY24 adjusted EPS of $2.55 &#8211; $2.75 versus the consensus of $2.84.
Shoe Carnival sees FY24 net sales of $1.21 billion &#8211; $1.25 billion versus an estimate of $1.23 billion. The company expects FY24 comparable store sales in the range of <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">down 3.0% to up 1.0%.</a>
Price Action:&nbsp;SCVL shares closed higher by 3.23% at $32.95 on Wednesday.

Earnings

Equities

Guidance

Dividends

General

Shoe Carnival Q4 Revenue Misses By A Whisker, Margin Shrinks

U.S. stocks appear on track to continue their record run on Thursday, with stock futures grinding solidly higher. Despite the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37859344/s-p-500-closes-at-record-high-after-fed-charts-interest-rate-path-markets-continue-">Fed deemphasizing incoming data</a> at its latest meeting, traders could sift through a few key data on economic activity, the manufacturing, and the housing sector. A few key earnings due after the market close will also be on investors&#8217; radar. The broadening in the rally in the wake of rate cut hopes could bode well for the market, insulating against any pullback in overvalued tech stocks.
Cues From Previous Session:
The March Fed decision and Jerome Powell&#8217;s comments proved to be an elixir for the market on Wednesday. After bidding time until the announcement of the rate decision, stocks rallied strongly, with the three major averages closing fresh record highs. Small-caps went on to outperform their bigger counterparts.
The S&amp;P 500 scripted highs both on an intraday basis and on a closing bias, while the Nasdaq Composite and Dow Industrials could not beat their previous intraday record despite a post-Fed decision surge. 
All S&amp;P sectors, save energy and defensive healthcare stocks, closed higher for the day, with the gains led by consumer discretionary, communication services, financial, industrial, IT, and material stocks.
&#8220;I think we dodged a bullet,&#8221; said fund manager Louis Navellier. &#8220;The FOMC statement was still very dovish. The Fed dot plot that came out was pretty close to being split between two to three rate cuts, and a small majority that wants to have three rate cuts this year,&#8221; he said.
&#8220;The only major change was next year, 2025, the Fed is only expecting three rate cuts versus the&nbsp;three to four cuts they were expecting before.&#8221;
The Fed may have been swayed by European Central Bank President Christine Lagarde, who made it clear that they were ready to start cutting rates in June, Navellier said.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.25%</td>
<td>16,369.41</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.89%</td>
<td>5,224.62</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.03%</td>
<td>39,512.13</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.92%</td>
<td>2,074.88</td>
</tr>
</tbody>
</table>
</figure>
Analyst Color:
&#8220;The party is going to persist,&#8221; said Navellier. The fund manager expects the Fed to cut rates no later than June. &#8220;What will be happening in the upcoming months is that most central banks will commence to cut key interest rates in unison,&#8221; he said.
Carson Group&#8217;s Ryan Detrick pointed to data that should bode well for the market rally. &#8220;In healthy bull markets, you see high beta leading. A new breakout could be coming soon,&#8221; he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">High beta vs low volatility. In healthy bull markets you see high beta leading. A new breakout could be coming soon. <a href="https://t.co/gLjTI1pJC4">pic.twitter.com/gLjTI1pJC4</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1770644569165631556?ref_src=twsrc%5Etfw">March 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Futures Today</figcaption></figure>
 Futures Performance On Thursday ( as of 7 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.71%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.35%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.21%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.47%</td>
</tr>
</tbody>
</table>
</figure>
In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Thursday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.37% to $522.40,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed a steeper 0.75% to $447.08, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Upcoming Economic Data:
The Labor Department is scheduled to release its weekly jobless claims report at 8:30 a.m. EDT. The number of individuals claiming unemployment benefits may have increased from 209,000 in the week ended March 9 to 213,000 in the week ended March 16.
The Philadelphia Federal Reserve will release the results of its March manufacturing activity survey at 8:30 a.m. EDT. The diffusion index of business activity is expected to come in at -5, almost flat with February&#8217;s -5.2, suggesting continued contraction.
The S&amp;P Global is due to release its flash manufacturing and service sector purchasing managers&#8217; indices at 9:45 a.m. EDT. The manufacturing PMI may have edged down from February&#8217;s 52.2 to 51.8 in March and the service sector PMI is expected to come in at 52 in March, suggesting a slightly slower expansion than the one suggested by the February reading of 52.5.
The Conference Board is scheduled to release its leading economic index for February at 10 a.m. EDT. The index is expected to continue its month-over-month declining streak, slipping 0.1% in February compared to January&#8217;s 0.4% drop.
The National Association of Realtors is due to release its existing home sales report for February, also at 10 a.m. EDT. Economists, on average, expect existing home sales to come in at a seasonally adjusted annual rate of 3.95 million units compared to January&#8217;s rate of 4 million units.
Fed Vice Chair for Supervision Michael Barr will speak at 12 p.m. EDT.
See also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) rallied nearly 18%<a href="https://benzinga.grsm.io/lxquj26b2sag"> in premarket trading</a> following the memory chipmaker&#8217;s earnings announcement.</li>
<li>Other stocks moving on earnings are Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) (down over 8%) and Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) (down about 13%).</li>
<li>Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>), Winnebago Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) and Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) are among the notable companies due to <a href="https://www.benzinga.com/calendars/earnings">report their quarterly results before the market open.</a></li>
<li>Those reporting after the close include FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>), Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) and Worthington Steel, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures edged down 0.21% to $81.10 nearly $1 after sliding over 2% in the previous session. Gold futures have reversed course and traded at a fresh record. The 10-year Treasury bond yield edged down to 4.231%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) selling stalled and the apex crypto gained over 6% over the past 24 hours.
Asian stocks rallied across the board, with the Chinese market bucking the uptrend amid a consolidation move following its recent gains. Japan&#8217;s Nikkei 225 average closed at a fresh record. European stocks were higher, although they came off their early highs. 
Read Next: <a href="https://www.benzinga.com/general/biotech/24/03/37864820/is-cathie-wood-buying-the-rumor-ark-more-than-doubles-stake-in-this-covid-19-vaccine-maker-ahead-">Is Cathie Wood Buying The Rumor? Ark More Than Doubles Stake In This COVID-19 Vaccine Maker Ahead Of Flurry Of Catalysts</a>

Futures

Previews

Federal Reserve

Movers

Fed Euphoria Keeps US Stocks On Track For More Gains: Analyst Says New Breakout Coming Soon

Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) reported quarterly earnings of $0.59 per share which met the analyst consensus estimate. This is a 25.32 percent decrease over earnings of $0.79 per share from the same period last year. The company reported quarterly sales of $280.17 million which missed the analyst consensus estimate of $280.27 million by 0.04 percent. This is a 3.65 percent decrease over sales of $290.78 million the same period last year.

CORRECTION: Shoe Carnival Q4 Adj. EPS $0.59, Inline, Sales $280.17M Miss $280.27M Estimate

Fiscal 2024&nbsp;Outlook
<ul>
<li>The Company is initiating its financial&nbsp;outlook&nbsp;for Fiscal 2024 and notes that its Fiscal 2024 is a 52-week year and compares to a 53-week year in Fiscal 2023.</li>
<li>The Company expects to grow net sales in Fiscal 2024 led by the recent Rogan&#39;s acquisition, continued strength of the Shoe Station banner and growth in e-commerce sales, combined with the expectation of improving trends in the Shoe Carnival banner.</li>
<li>Below is additional information regarding the Company&#39;s Fiscal 2024&nbsp;outlook.</li>
<li>Net Sales:&nbsp;Expected to be in a range of&nbsp;$1.21 billion&nbsp;to&nbsp;$1.25 billion, representing growth of&nbsp;4.0 percent&nbsp;to&nbsp;6.0 percent&nbsp;versus Fiscal 2023.</li>
<li>Comparable Store Sales:&nbsp;Expected to be in a range of down&nbsp;3.0 percent&nbsp;to up&nbsp;1.0 percent&nbsp;versus Fiscal 2023.</li>
<li>Gross Profit Margin:&nbsp;Expected to be approximately even with Fiscal 2023.</li>
<li>Selling, General and Administrative Expenses (&quot;SG&amp;A&quot;):&nbsp;As a percent of net sales, SG&amp;A is expected to be approximately 40 basis points higher than Fiscal 2023. Approximately 20 basis points of the increase is due to expected purchase accounting, transaction and integration costs related to the Rogan&#39;s acquisition and the balance of the increase is primarily driven by approximately&nbsp;$2.5 million&nbsp;of Rogan&#39;s current operating expenses that are expected to be synergized in Fiscal 2025.</li>
<li>Income Tax Rate:&nbsp;Expected to be approximately&nbsp;26 percent&nbsp;in Fiscal 2024, representing an increase of 230 basis points versus Fiscal 2023 and a negative impact of approximately of&nbsp;$0.08&nbsp;to EPS.</li>
<li>GAAP EPS:&nbsp;Fiscal 2024 EPS on a GAAP basis is expected to be in a range of&nbsp;$2.50&nbsp;to&nbsp;$2.70.</li>
<li>Non-GAAP EPS (&quot;Adjusted EPS&quot;):&nbsp;Excluding the expected purchase accounting, transaction and integration costs related to the Rogan&#39;s acquisition, Adjusted EPS is expected to be in a range of&nbsp;$2.55&nbsp;to&nbsp;$2.75.</li>
</ul>

Shoe Carnival Expects 2024 Net Sales Of $1.21B-$1.25B Vs. $1.23B Consensus, Comparable Store Sales Down 3%-1% YoY; Sees Adjusted EPS Of $2.55-$2.75 Vs. $2.84 Consensus

<h3>Companies Reporting Before The Bell</h3>
&bull; Creative Realities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREX#NASDAQ">CREX</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $16.47 million.
&bull; InflaRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFRX#NASDAQ">IFRX</a>) is projected to report quarterly loss at $0.20 per share on revenue of $1.42 million.
&bull; Fennec Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FENC#NASDAQ">FENC</a>) is likely to report quarterly loss at $0.02 per share on revenue of $8.67 million.
&bull; Welltower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $218.97 million.
&bull; VerifyMe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRME#NASDAQ">VRME</a>) is expected to report quarterly loss at $0.03 per share on revenue of $8.95 million.
&bull; Academy Sports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) is expected to report quarterly earnings at $2.29 per share on revenue of $1.79 billion.
&bull; Exscientia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAI#NASDAQ">EXAI</a>) is expected to report quarterly loss at $0.35 per share on revenue of $17.05 million.
&bull; Direxion Daily CSI China Internet Index Bull 2X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEB#NYSE">CWEB</a>) is estimated to report quarterly loss at $0.09 per share on revenue of $32.93 million.
&bull; Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) is likely to report quarterly earnings at $0.88 per share on revenue of $720.40 million.
&bull; Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $1.80 billion.
&bull; Titan Machinery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) is projected to report quarterly earnings at $1.02 per share on revenue of $724.20 million.
&bull; Designer Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) is expected to report quarterly loss at $0.47 per share on revenue of $747.35 million.
&bull; Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) is expected to report quarterly earnings at $0.16 per share on revenue of $382.28 million.
&bull; LiqTech Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIQT#NASDAQ">LIQT</a>) is likely to report quarterly loss at $0.24 per share on revenue of $5.40 million.
&bull; MediWound (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDWD#NASDAQ">MDWD</a>) is estimated to report quarterly loss at $0.23 per share on revenue of $5.32 million.
&bull; Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) is projected to report earnings for its fourth quarter.
&bull; Innate Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPHA#NASDAQ">IPHA</a>) is estimated to report earnings for its Fiscal Year 2023.
&bull; Mineralys Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLYS#NASDAQ">MLYS</a>) is estimated to report earnings for its fourth quarter.
&bull; FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) is likely to report quarterly earnings at $3.88 per share on revenue of $546.75 million.
&bull; Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) is expected to report quarterly earnings at $2.64 per share on revenue of $3.03 billion.
&bull; Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) is likely to report quarterly earnings at $2.66 per share on revenue of $15.83 billion.
&bull; X4 Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XFOR#NASDAQ">XFOR</a>) is expected to report earnings for its fourth quarter.
&bull; Lufax Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) is likely to report quarterly loss at $0.02 per share on revenue of $1.05 billion.
&bull; Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) is estimated to report quarterly loss at $0.36 per share on revenue of $22.20 million.
&bull; Allurion Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALUR#NYSE">ALUR</a>) is projected to report quarterly loss at $0.51 per share on revenue of $8.20 million.
&bull; Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) is likely to report earnings for its fourth quarter.
&bull; Kirkland&#39;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) is expected to report quarterly earnings at $0.42 per share on revenue of $167.22 million.
&bull; Gambling.com Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAMB#NASDAQ">GAMB</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $27.69 million.
&bull; MiNK Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INKT#NASDAQ">INKT</a>) is likely to report earnings for its fourth quarter.
&bull; Nano Dimension (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNDM#NASDAQ">NNDM</a>) is likely to report earnings for its fourth quarter.
&bull; Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $0.59 per share on revenue of $280.27 million.
&bull; Destination XL Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXLG#NASDAQ">DXLG</a>) is projected to report quarterly earnings at $0.06 per share on revenue of $138.29 million.
&bull; CareCloud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) is estimated to report quarterly loss at $0.34 per share on revenue of $30.88 million.
&bull; Apyx Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APYX#NASDAQ">APYX</a>) is estimated to report quarterly loss at $0.18 per share on revenue of $14.85 million.
&bull; SNDL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) is likely to report earnings for its fourth quarter.
&bull; 111 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YI#NASDAQ">YI</a>) is likely to report earnings for its fourth quarter.
&bull; Rockwell Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMTI#NASDAQ">RMTI</a>) is projected to report quarterly loss at $0.07 per share on revenue of $22.63 million.
&bull; CENTRAL &amp; EASTERN EUROPE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEE#NYSE">CEE</a>) is expected to report earnings for its Fiscal Year 2023.
<h3>Companies Reporting After The Bell</h3>
&bull; Largo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGO#NASDAQ">LGO</a>) is estimated to report quarterly loss at $0.05 per share on revenue of $47.10 million.
&bull; Xos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOS#NASDAQ">XOS</a>) is projected to report quarterly loss at $1.92 per share on revenue of $17.05 million.
&bull; Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) is projected to report quarterly earnings at $5.00 per share on revenue of $3.19 billion.
&bull; Cutera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CUTR#NASDAQ">CUTR</a>) is estimated to report quarterly loss at $0.99 per share on revenue of $49.15 million.
&bull; Vitru (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTRU#NASDAQ">VTRU</a>) is projected to report earnings for its fourth quarter.
&bull; Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) is projected to report quarterly loss at $0.80 per share on revenue of $329.21 million.
&bull; Worthington Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) is estimated to report quarterly earnings at $0.84 per share on revenue of $700.50 million.
&bull; Journey Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DERM#NASDAQ">DERM</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $15.06 million.
&bull; Asensus Surgical (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ASXC#AMEX">ASXC</a>) is likely to report quarterly loss at $0.08 per share on revenue of $5.30 million.
&bull; Valhi (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VHI#NYSE">VHI</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $13.55 million.
&bull; Biolase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOL#NASDAQ">BIOL</a>) is projected to report quarterly loss at $2.55 per share on revenue of $13.55 million.
&bull; HireQuest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQI#NASDAQ">HQI</a>) is projected to report quarterly loss at $0.06 per share on revenue of $8.60 million.
&bull; Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is likely to report quarterly earnings at $0.74 per share on revenue of $12.28 billion.
&bull; FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) is likely to report quarterly earnings at $3.53 per share on revenue of $22.05 billion.
&bull; Intellicheck (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDN#NASDAQ">IDN</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $5.31 million.
&bull; Abacus Life (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) is estimated to report earnings for its fourth quarter.
&bull; AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) is estimated to report quarterly earnings at $0.84 per share on revenue of $567.63 million.
&bull; Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) is expected to report quarterly loss at $0.11 per share on revenue of $2.70 million.
&bull; CaliberCos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWD#NASDAQ">CWD</a>) is likely to report quarterly loss at $0.17 per share on revenue of $4.25 million.
&bull; Hyperfine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYPR#NASDAQ">HYPR</a>) is estimated to report quarterly loss at $0.18 per share on revenue of $3.71 million.
&bull; Cibus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBUS#NASDAQ">CBUS</a>) is estimated to report quarterly loss at $1.43 per share on revenue of $380 thousand.
&bull; Direct Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRCT#NASDAQ">DRCT</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $65.95 million.
&bull; TELA Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELA#NASDAQ">TELA</a>) is expected to report quarterly loss at $0.43 per share on revenue of $16.39 million.
&bull; One Stop Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSS#NASDAQ">OSS</a>) is projected to report quarterly loss at $0.04 per share on revenue of $13.01 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ALUR

AMPX

APYX

ASXC

BIOL

BZUN

CBUS

CCLD

CREX

CUTR

CWEB

DERM

DRCT

DXLG

EXAI

FENC

GAMB

HYPR

IFRX

INKT

IPHA

KIRK

LIQT

LUNR

MDWD

MLYS

NNDM

RMTI

SCHL

SNDL

TELA

TITN

VRME

VTRU

WELL

XFOR

Earnings Scheduled For March 21, 2024

Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is set to give its latest quarterly earnings report on Thursday, 2024-03-21. Here's what investors need to know before the announcement.
Analysts estimate that Shoe Carnival will report an earnings per share (EPS) of $0.59. 
Shoe Carnival bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.21, which was followed by a 7.56% increase in the share price the next day.
Here's a look at Shoe Carnival's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.01</td>
<td>0.84</td>
<td>0.69</td>
<td>0.80</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.80</td>
<td>0.71</td>
<td>0.60</td>
<td>0.79</td>
</tr>
<tr>
<td>Price Change %</td>
<td>8.0%</td>
<td>6.0%</td>
<td>-3.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710943311_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Shoe Carnival were trading at $31.92 as of March 19. Over the last 52-week period, shares are up 29.89%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SCVL/earnings">To track all earnings releases for Shoe Carnival visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Shoe Carnival

Monness, Crespi, Hardt analyst Jim Chartier downgrades Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) from Buy to Neutral.

Downgrades

Monness, Crespi, Hardt Downgrades Shoe Carnival to Neutral

The quarterly cash dividend will be paid on April 22, 2024, to shareholders of record as of the close of business on April 8, 2024.

Shoe Carnival Increases Quarterly Cash Dividend By 12.5% From $0.12 To $0.135 Per Share

Shoe Carnival Sees Prelim. FY23 EPS $2.65-$2.75; Revenue $1.176B

Shoe Carnival Acquires Rogan Shoes For $45M

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the consumer cyclical sector:</h2>
<ol>
<li>Jakks Pacific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAKK#NASDAQ">JAKK</a>) - P/E: 3.78</li>
<li>Virco Mfg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRC#NASDAQ">VIRC</a>) - P/E: 6.86</li>
<li>Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) - P/E: 8.69</li>
<li>Miller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLR#NYSE">MLR</a>) - P/E: 9.07</li>
<li>Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) - P/E: 8.94</li>
</ol>
Most recently, Jakks Pacific reported earnings per share at $4.75, whereas in Q2 earnings per share sat at $1.26. Virco Mfg saw a decrease in earnings per share from 0.95 in Q2 to $0.62 now. The company's most recent dividend yield sits at 1.4%, which has decreased by 0.06% from 1.46% last quarter. 
Most recently, Allison Transmission reported earnings per share at $1.76, whereas in Q2 earnings per share sat at $1.92. Most recently, the company reported a dividend yield of 1.79%, which has increased by 0.24% from last quarter's yield of 1.55%.
Miller Industries saw an increase in earnings per share from 1.29 in Q2 to $1.52 now. Most recently, the company reported a dividend yield of 1.93%, which has increased by 0.02% from last quarter's yield of 1.91%.
Shoe Carnival saw an increase in earnings per share from 0.71 in Q2 to $0.8 now. Most recently, the company reported a dividend yield of 1.64%, which has decreased by 0.51% from last quarter's yield of 2.15%.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

ALSN

JAKK

VIRC

5 Value Stocks To Watch In The Consumer Cyclical Sector

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the consumer cyclical sector:</h2>
<ol>
<li>Good Times Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTIM#NASDAQ">GTIM</a>) - P/E: 2.74</li>
<li>Miller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLR#NYSE">MLR</a>) - P/E: 9.08</li>
<li>Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) - P/E: 8.96</li>
<li>Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) - P/E: 8.34</li>
<li>Solo Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTC#NYSE">DTC</a>) - P/E: 7.92</li>
</ol>
This quarter, Good Times Restaurants experienced a decrease in earnings per share, which was $0.07 in Q3 and is now $-0.02. Most recently, Miller Industries reported earnings per share at $1.52, whereas in Q2 earnings per share sat at $1.29. Most recently, the company reported a dividend yield of 1.93%, which has increased by 0.02% from last quarter's yield of 1.91%.
Shoe Carnival's earnings per share for Q3 sits at $0.8, whereas in Q2, they were at 0.71. Most recently, the company reported a dividend yield of 1.64%, which has decreased by 0.51% from last quarter's yield of 2.15%.
Toll Brothers has reported Q4 earnings per share at $4.11, which has increased by 10.19% compared to Q3, which was 3.73. Its most recent dividend yield is at 0.91%, which has decreased by 0.17% from 1.08% in the previous quarter.
Solo Brands's earnings per share for Q3 sits at $0.28, whereas in Q2, they were at 0.22. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

GTIM

Overview Of Value Stocks In The Consumer Cyclical Sector

Today, January 22, 2024, Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) will distribute a dividend payout of $0.12 per share, highlighting an annualized dividend yield of 1.64%. Shareholders who owned the stock before the ex-dividend date on January 05, 2024 will be eligible for this payout.
<h3>Shoe Carnival Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-05</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>1.64%</td>
<td>2023-12-18</td>
<td>2024-01-08</td>
<td>2024-01-22</td>
</tr>
<tr>
<td>2023-10-02</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>2.15%</td>
<td>2023-09-21</td>
<td>2023-10-03</td>
<td>2023-10-17</td>
</tr>
<tr>
<td>2023-07-03</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>1.76%</td>
<td>2023-06-22</td>
<td>2023-07-05</td>
<td>2023-07-19</td>
</tr>
<tr>
<td>2023-03-31</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>1.71%</td>
<td>2023-03-22</td>
<td>2023-04-03</td>
<td>2023-04-17</td>
</tr>
<tr>
<td>2023-01-06</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.5%</td>
<td>2022-12-15</td>
<td>2023-01-09</td>
<td>2023-01-23</td>
</tr>
<tr>
<td>2022-10-03</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.71%</td>
<td>2022-09-23</td>
<td>2022-10-04</td>
<td>2022-10-18</td>
</tr>
<tr>
<td>2022-07-08</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.49%</td>
<td>2022-06-24</td>
<td>2022-07-11</td>
<td>2022-07-25</td>
</tr>
<tr>
<td>2022-04-01</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.15%</td>
<td>2022-03-16</td>
<td>2022-04-04</td>
<td>2022-04-18</td>
</tr>
<tr>
<td>2022-01-07</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.74%</td>
<td>2021-12-20</td>
<td>2022-01-10</td>
<td>2022-01-24</td>
</tr>
<tr>
<td>2021-10-01</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.8%</td>
<td>2021-09-17</td>
<td>2021-10-04</td>
<td>2021-10-18</td>
</tr>
<tr>
<td>2021-07-02</td>
<td style="text-align: right;">4</td>
<td>$0.14</td>
<td>0.82%</td>
<td>2021-06-14</td>
<td>2021-07-06</td>
<td>2021-07-19</td>
</tr>
<tr>
<td>2021-04-01</td>
<td style="text-align: right;">4</td>
<td>$0.14</td>
<td>1.01%</td>
<td>2021-03-19</td>
<td>2021-04-05</td>
<td>2021-04-19</td>
</tr>
</tbody>
</table>
With a dividend yield that places it neither at the top nor the bottom, Shoe Carnival finds itself in the middle among its industry peers, while Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) boasts the highest annualized dividend yield at 5.32%.
<h3>Analyzing Shoe Carnival Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1705935912_0.png" alt="dividend chart graph" />
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $0.36 to $0.44, indicating the company's dedication to enhancing shareholder value through increased dividends.
<h3>YoY Earnings Growth For Shoe Carnival</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1705935912_1.png" alt="earning chart graph" />
From 2020 to 2023, Shoe Carnival experienced a growth in earnings per share, with an increase from $0.42 to $2.90. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
<h3>Recap</h3>
This article takes an in-depth look at Shoe Carnival's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.12 per share today, translating to an annualized dividend yield of 1.64%.
With a dividend yield that places it neither at the top nor the bottom, Shoe Carnival finds itself in the middle among its industry peers, while Guess boasts the highest annualized dividend yield at 5.32%.
Given that Shoe Carnival has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[See current stock movements Shoe Carnival on Benzinga.](https://www.benzinga.com/quote/Shoe Carnival (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scvl#NASDAQ">SCVL</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Achieving Growth and Investor Rewards: Shoe Carnival Flourishes with Strong Performance and Rising Profits

Thursday marks the last chance for investors to receive the next dividend payout from Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 12 cents per share. On Friday, Shoe Carnival will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SCVL as of the end of Thursday's session are eligible to receive the 12 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 22, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Shoe Carnival: Dividend Insights

Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) (the &quot;Company&quot;), a leading retailer of footwear and accessories for the family, announced today that its Board of Directors authorized a new share repurchase program for up to&nbsp;$50 million&nbsp;of its outstanding common stock, effective January 1, 2024. Additionally, its Board of Directors approved the payment of a quarterly cash dividend of&nbsp;$0.12&nbsp;per share to be paid on January 22, 2024, to shareholders of record as of the close of business on January 8, 2024.
The new share repurchase program will replace an existing&nbsp;$50 million&nbsp;share repurchase program that was authorized on December 14, 2022, and will expire in accordance with its terms on December 31, 2023. Additional purchases may be made under the existing share repurchase program prior to its expiration.

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Shoe Carnival Inc (SCVL) is around the top of the Consumer Cyclical sector according to InvestorsObserver.SCVL received an overall rating of 83, which means that it scores higher than 83% of stocks. Additionally, Shoe Carnival Inc scored a 78 in the Consumer Cyclical sector, ranking it higher than 78% of stocks in that sec

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Press Releases

Shoe Carnival Drives Growth in Third-Party Ecommerce Sales Powered by CommerceHub

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Shoe Carnival to Report Third Quarter Financial Results on November 16, 2023

Shoe Carnival Reports Third Quarter Fiscal 2023 Results

Shoe Carnival Announces New $50 Million Share Repurchase Program and Declares Quarterly Cash Dividend

Shoe Carnival Acquires Rogan's Shoes and Announces Full Year Fiscal 2023 Preliminary Results

Shoe Carnival to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 21, 2024

Shoe Carnival Reports Fourth Quarter and Fiscal 2023 Results

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