Share on StockTwits

Susquehanna reduced their target price on shares of Shoe Carnival (NASDAQ:SCVL) from $25.00 to $24.00 in a research note issued on Thursday. Susquehanna’s price objective would indicate a potential upside of 8.21% from the company’s current price.

SCVL has been the subject of a number of other recent research reports. 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 analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.93.

Shoe Carnival (NASDAQ:SCVL) traded down 10.42% during mid-day trading on Thursday, hitting $19.85. 613,729 shares of the company’s stock traded hands. Shoe Carnival has a 1-year low of $17.30 and a 1-year high of $29.75. The stock’s 50-day moving average is $19.59 and its 200-day moving average is $21.62. The company has a market cap of $407.3 million and a price-to-earnings ratio of 16.99. Shoe Carnival also was the recipient of some unusual options trading on Monday. Traders bought 5 put options on the stock. This is an increase of approximately 150% compared to the average daily volume of 2 put options.

Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Wednesday, September 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.02. 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. Analysts expect that Shoe Carnival will post $1.28 EPS for the current fiscal year.

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.