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Shoe Station: A Small-Cap Bargain (NASDAQ:SHOE)
Alan Brochstein, CFA · 2026-06-17 · via All Articles on Seeking Alpha

Summary

  • Shoe Station Group trades at deep value, below tangible book, with a 4% dividend yield and no net debt.
  • FY25 saw revenue decline 6% and EPS fall 29% to $1.90, but adjusted Q1 EPS was positive when excluding one-time charges.
  • Management guides for flat FY26 revenue and adjusted EPS of $1.40–1.60, with continued store rationalization and selective openings.
  • I see 31% upside potential to $22.08 at a 12x forward P/E, supported by strong insider ownership, balance sheet, and possible M&A tailwinds.
Different shoes displayed in a shoe shop.

labsas/iStock Unreleased via Getty Images

I have followed Shoe Carnival, which traded under the symbol SCVL, for a while and have found the stock interesting. The company recently changed its name to Shoe Station Group (SHOE) and seems

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

My wife owns shares in her IRA

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