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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.

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