Shoe Carnival, Inc. (NASDAQ:SCVL)‘s stock had its “hold” rating reiterated by analysts at Jefferies Group LLC in a note issued to investors on Thursday. They currently have a $21.00 price target on the stock, down from their prior price target of $26.00. Jefferies Group LLC’s price target indicates a potential upside of 7.58% from the stock’s previous close.

Several other research analysts have also commented on the stock. Johnson Rice lowered shares of Shoe Carnival from a “buy” rating to an “accumulate” rating in a research note on Friday, March 24th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $24.00 price objective on shares of Shoe Carnival in a research note on Monday, March 27th. Zacks Investment Research upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. B. Riley started coverage on shares of Shoe Carnival in a research note on Thursday, March 9th. They set a “neutral” rating and a $26.00 price objective for the company. Finally, ValuEngine upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $24.50.

Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

Shares of Shoe Carnival (NASDAQ:SCVL) traded down 5.70% during trading on Thursday, hitting $19.52. 341,131 shares of the company’s stock were exchanged. Shoe Carnival has a one year low of $17.56 and a one year high of $31.79. The stock has a market cap of $328.19 million, a P/E ratio of 16.61 and a beta of 0.90. The firm has a 50-day moving average price of $23.20 and a 200-day moving average price of $25.70.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Wednesday, May 24th. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $253.40 million during the quarter, compared to analyst estimates of $251.74 million. Shoe Carnival had a net margin of 2.86% and a return on equity of 8.51%. Shoe Carnival’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. Equities research analysts expect that Shoe Carnival will post $1.41 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of SCVL. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Shoe Carnival by 5.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,059 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Shoe Carnival by 482.3% in the first quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $186,000 after buying an additional 6,260 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Shoe Carnival during the first quarter worth about $249,000. United Capital Financial Advisers LLC bought a new position in shares of Shoe Carnival during the first quarter worth about $303,000. Finally, State of Tennessee Treasury Department bought a new position in shares of Shoe Carnival during the third quarter worth about $307,000. Institutional investors and hedge funds own 68.46% of the company’s stock.

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. It also offers online shopping on its e-commerce site at www.shoecarnival.com.

12 Month Chart for NASDAQ:SCVL

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