Meet the 4.4% Yielding Stock That's Down 11%. Here's Why Investors Should Take a Closer Look.
Footwear retailer Shoe Carnival has rebranded as Shoe Station, and it has a new ticker, too.
Overview
A high-yielding dividend stock that's a good value with solid growth potential is a pretty strong combination.
This describes Shoe Station (NASDAQ: SHOE), formerly known as Shoe Carnival, which traded under the ticker SCVL. The company made that rebrand on June 11, and it also has a new direction.
Details
The shoe stock has struggled in 2026. It's down about 11% year to date, hurt by inflation, a more cautious consumer, and some strategic missteps. In the first quarter, net sales dipped 2.5% year over year. The company also booked a net loss of $5.6 million, in sharp contrast to its $9.3 million in net income in the prior-year period. But Shoe Station pays a great dividend, and management has a plan to turn things around.
Source
Originally published at www.fool.com.