Shoe Carnival, Inc. (NASDAQ:SCVL) has been assigned a $22.00 price objective by analysts at Jefferies Group LLC in a report issued on Saturday. The firm currently has a “hold” rating on the stock. Jefferies Group LLC’s target price suggests a potential downside of 17.76% from the company’s previous close. Jefferies Group also issued estimates for Shoe Carnival’s Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $1.47 EPS.

Other equities research analysts also recently issued research reports about the stock. Wedbush reiterated an “outperform” rating and set a $25.00 price target (down previously from $27.00) on shares of Shoe Carnival in a research note on Friday. Zacks Investment Research cut Shoe Carnival from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Susquehanna Bancshares Inc raised Shoe Carnival from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $19.00 to $23.00 in a report on Wednesday, September 20th. BidaskClub cut Shoe Carnival from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, UBS AG raised Shoe Carnival from a “neutral” rating to a “positive” rating in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.14.

Shares of Shoe Carnival (NASDAQ SCVL) opened at $26.75 on Friday. Shoe Carnival has a 52 week low of $15.07 and a 52 week high of $31.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.25 and a current ratio of 3.38. The firm has a market cap of $455.29, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, November 16th. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.08. Shoe Carnival had a net margin of 2.17% and a return on equity of 7.82%. The firm had revenue of $287.47 million for the quarter, compared to the consensus estimate of $286.90 million. equities analysts forecast that Shoe Carnival will post 1.48 EPS for the current fiscal year.

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In related news, Director Charles B. Tomm acquired 11,190 shares of the business’s stock in a transaction on Friday, September 29th. The stock was bought at an average cost of $22.69 per share, with a total value of $253,901.10. Following the completion of the acquisition, the director now owns 16,948 shares in the company, valued at $384,550.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 28.50% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its holdings in shares of Shoe Carnival by 24.5% in the third quarter. California Public Employees Retirement System now owns 61,990 shares of the company’s stock valued at $1,387,000 after buying an additional 12,190 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Shoe Carnival in the third quarter valued at about $224,000. Highbridge Capital Management LLC bought a new position in shares of Shoe Carnival in the third quarter valued at about $581,000. OxFORD Asset Management LLP raised its holdings in shares of Shoe Carnival by 100.5% in the third quarter. OxFORD Asset Management LLP now owns 51,784 shares of the company’s stock valued at $1,152,000 after buying an additional 25,952 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Shoe Carnival in the third quarter valued at about $1,338,000. 62.25% of the stock is owned by institutional investors and hedge funds.

About Shoe Carnival

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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