Shoe Carnival Stock Rating Lowered by Zacks (SCVL)
Shoe Carnival (NASDAQ:SCVL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Wednesday, Analyst Ratings.Net reports. They currently have a $23.60 price target on the stock. Zacks‘ price target would suggest a potential downside of 4.84% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $28.52.
Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Monday, December 2nd. The company reported $0.54 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.60 earnings per share. Shoe Carnival’s revenue was down 3.5% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, January 27th. Stockholders of record on Monday, January 13th will be paid a dividend of 0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.97%. The ex-dividend date 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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