Shoe Carnival, Inc. (SCVL) Given a $26.00 Price Target by Jefferies Group LLC Analysts
Shoe Carnival, Inc. (NASDAQ:SCVL) received a $26.00 target price from analysts at Jefferies Group LLC in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s price objective would indicate a potential downside of 2.22% from the company’s current price.
Other equities analysts have also issued research reports about the stock. B. Riley assumed coverage on shares of Shoe Carnival in a research report on Tuesday. They set a “neutral” rating and a $26.00 price target for the company. Zacks Investment Research raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Wednesday. Mizuho dropped their price target on shares of Shoe Carnival from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, January 10th. Finally, Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $24.00 price target on shares of Shoe Carnival in a research report on Tuesday, January 10th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Shoe Carnival presently has an average rating of “Hold” and a consensus target price of $26.29.
Shoe Carnival (NASDAQ:SCVL) traded up 1.33% during midday trading on Friday, hitting $26.59. 154,289 shares of the stock traded hands. The company has a market cap of $489.84 million, a PE ratio of 17.50 and a beta of 0.90. The company’s 50-day moving average is $25.83 and its 200-day moving average is $26.72. Shoe Carnival has a one year low of $21.16 and a one year high of $31.79.
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Several large investors have recently added to or reduced their stakes in SCVL. BlackRock Fund Advisors raised its stake in Shoe Carnival by 181.4% in the third quarter. BlackRock Fund Advisors now owns 1,040,575 shares of the company’s stock valued at $27,742,000 after buying an additional 670,802 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Shoe Carnival by 113.2% in the third quarter. Bank of New York Mellon Corp now owns 211,104 shares of the company’s stock valued at $5,628,000 after buying an additional 112,088 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Shoe Carnival during the fourth quarter valued at $1,430,000. Spark Investment Management LLC purchased a new position in shares of Shoe Carnival during the third quarter valued at $1,127,000. Finally, State Street Corp increased its position in shares of Shoe Carnival by 6.6% in the fourth quarter. State Street Corp now owns 396,715 shares of the company’s stock valued at $10,699,000 after buying an additional 24,412 shares during the period. 68.46% of the stock is owned by institutional investors.
Shoe Carnival Company Profile
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. The Company’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic footwear for men, women and children.
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