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Shoe Carnival (NASDAQ:SCVL) released its earnings data on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.02, AnalystRatingsNetwork reports. The company had revenue of $222.10 million for the quarter, compared to the consensus estimate of $225.07 million. During the same quarter in the previous year, the company posted $0.29 earnings per share.

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 research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $25.18.

Shares of Shoe Carnival (NASDAQ:SCVL) traded up 0.68% during mid-day trading on Wednesday, hitting $22.16. The stock had a trading volume of 176,104 shares. Shoe Carnival has a 52-week low of $17.30 and a 52-week high of $29.75. The stock has a 50-day moving average of $19.49 and a 200-day moving average of $21.64. The company has a market cap of $454.7 million and a price-to-earnings ratio of 16.88. Shoe Carnival also was the recipient of some unusual options trading activity on Monday. Investors bought 5 put options on the company. This represents an increase of approximately 150% compared to the average volume of 2 put options.

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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