Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) have received a consensus rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $22.57.

Several brokerages have recently issued reports on SCVL. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 target price (down from $21.00) on shares of Shoe Carnival in a report on Thursday, August 31st. BidaskClub cut Shoe Carnival from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Sidoti raised Shoe Carnival from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, June 28th. Zacks Investment Research cut Shoe Carnival from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, Susquehanna Bancshares Inc lifted their target price on Shoe Carnival from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, August 31st.

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Shoe Carnival (NASDAQ SCVL) traded up 1.29% during trading on Thursday, hitting $21.98. The stock had a trading volume of 143,859 shares. The firm has a market cap of $374.08 million, a P/E ratio of 18.18 and a beta of 0.94. The company has a 50-day moving average of $20.79 and a 200 day moving average of $20.31. Shoe Carnival has a 52-week low of $15.07 and a 52-week high of $31.79.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Wednesday, August 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Shoe Carnival had a return on equity of 7.37% and a net margin of 2.09%. The firm had revenue of $235.10 million for the quarter, compared to analysts’ expectations of $232.26 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that Shoe Carnival will post $1.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.30 annualized dividend and a yield of 1.36%. Shoe Carnival’s dividend payout ratio is currently 24.79%.

In related news, Director Charles B. Tomm purchased 11,190 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was bought at an average price of $22.69 per share, for a total transaction of $253,901.10. Following the completion of the transaction, the director now owns 16,948 shares in the company, valued at approximately $384,550.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 32.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank grew its position in Shoe Carnival by 3.7% in the first quarter. Comerica Bank now owns 14,693 shares of the company’s stock worth $376,000 after acquiring an additional 530 shares in the last quarter. Legal & General Group Plc grew its position in Shoe Carnival by 2.5% in the second quarter. Legal & General Group Plc now owns 22,564 shares of the company’s stock worth $471,000 after acquiring an additional 557 shares in the last quarter. Alliancebernstein L.P. grew its position in Shoe Carnival by 13.6% in the second quarter. Alliancebernstein L.P. now owns 10,850 shares of the company’s stock worth $227,000 after acquiring an additional 1,300 shares in the last quarter. Citigroup Inc. grew its position in Shoe Carnival by 12.5% in the second quarter. Citigroup Inc. now owns 17,658 shares of the company’s stock worth $368,000 after acquiring an additional 1,961 shares in the last quarter. Finally, Strs Ohio grew its position in Shoe Carnival by 7.5% in the second quarter. Strs Ohio now owns 28,600 shares of the company’s stock worth $597,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 62.74% 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.

Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

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