Shoe Carnival Given New $25.00 Price Target at Susquehanna (SCVL)
Stock analysts at Susquehanna cut their price target on shares of Shoe Carnival (NASDAQ:SCVL) from $29.00 to $25.00 in a report issued on Friday. Susquehanna’s price objective indicates a potential upside of 15.58% from the company’s current price.
Shoe Carnival (NASDAQ:SCVL) opened at 21.63 on Friday. Shoe Carnival has a one year low of $21.40 and a one year high of $29.75. The stock’s 50-day moving average is $22.44 and its 200-day moving average is $25.16. The company has a market cap of $447.3 million and a price-to-earnings ratio of 16.59.
Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.49 by $0.04. The company had revenue of $235.80 million for the quarter, compared to the consensus estimate of $238.29 million. During the same quarter last year, the company posted $0.47 earnings per share. Shoe Carnival’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that Shoe Carnival will post $1.52 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on SCVL. Analysts at Zacks downgraded shares of Shoe Carnival from a “neutral” rating to an “underperform” rating in a research note on Monday, April 14th. They now have a $20.70 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Shoe Carnival presently has an average rating of “Hold” and an average target price of $26.94.
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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