Stock Traders Buy High Volume of Put Options on Shoe Carnival (SCVL)
Shoe Carnival (NASDAQ:SCVL) saw some unusual options trading on Monday. Stock investors acquired 5 put options on the company, AnalystRatingsNetwork reports. This represents an increase of approximately 150% compared to the typical daily volume of 2 put options.
A number of research firms have recently commented on SCVL. Analysts at Sterne Agee upgraded shares of Shoe Carnival from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $23.00 price target on the stock, down previously from $30.00. Analysts at Zacks upgraded shares of Shoe Carnival from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $18.70 price target on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $25.18.
Shoe Carnival (NASDAQ:SCVL) traded down 0.23% during mid-day trading on Monday, hitting $21.53. 45,828 shares of the company’s stock traded hands. Shoe Carnival has a one year low of $17.30 and a one year high of $29.75. The stock’s 50-day moving average is $19.41 and its 200-day moving average is $21.71. The company has a market cap of $441.8 million and a P/E ratio of 16.55.
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.