Shoe Carnival Inc. Reaches New 12-Month High at $29.55 (SCVL)
Shoe Carnival (NASDAQ:SCVL)’s share price reached a new 52-week high during trading on Friday, Analyst Ratings News reports. The stock traded as high as $29.55 and last traded at $29.50, with a volume of 18,629 shares traded. The stock had previously closed at $29.10.
SCVL has been the subject of a number of recent research reports. Analysts at Standpoint Research upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 3rd. They now have a $34.00 price target on the stock. Separately, analysts at Sterne Agee downgraded shares of Shoe Carnival from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 28th. They now have a $30.00 price target on the stock. Finally, analysts at McLean Capital Management downgraded shares of Shoe Carnival from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 11th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $29.78.
Shoe Carnival has a 52-week low of $18.98 and a 52-week high of $29.40. The stock has a 50-day moving average of $27.89 and a 200-day moving average of $26.49. The company has a market cap of $602.1 million and a P/E ratio of 20.18.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.01. The company had revenue of $235.80 million for the quarter, compared to the consensus estimate of $239.49 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Monday, January 27th. Investors of record on Monday, January 13th will be given a dividend of 0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, January 9th.
Shoe Carnival, Inc is a family footwear retailer. The Company offers customers an assortment of dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands.
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