Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.