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Shoe Carnival (NASDAQ:SCVL) traded down 10.8% during trading on Thursday following a dissappointing earnings announcement, Stock Ratings reports. The company traded as low as $19.54 and last traded at $19.77, with a volume of 400,594 shares. The stock had previously closed at $22.16.

The company reported $0.13 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.29 earnings per share.

Several analysts have recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Shoe Carnival from $25.00 to $24.00 in a research note on Thursday. Separately, 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. Finally, 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 issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $24.93.

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 $406.9 million and a P/E ratio of 16.99. Shoe Carnival also saw some unusual options trading activity on Monday. Stock investors bought 5 put options on the stock. This represents an increase of approximately 150% compared to the typical daily 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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