Shoe Carnival, Inc. (SCVL) Receives Average Rating of “Hold” from Analysts
Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) have been given an average rating of “Hold” by the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $24.63.
Several brokerages recently weighed in on SCVL. Wedbush reaffirmed an “outperform” rating and set a $25.00 target price (down from $27.00) on shares of Shoe Carnival in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Shoe Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Susquehanna Bancshares raised shares of Shoe Carnival from a “neutral” rating to a “positive” rating and upped their target price for the stock from $19.00 to $23.00 in a research note on Wednesday, September 20th. TheStreet raised shares of Shoe Carnival from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Finally, UBS raised shares of Shoe Carnival from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 20th.
In other news, Director Charles B. Tomm purchased 11,190 shares of the stock in a transaction 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 acquisition, the director now directly owns 16,948 shares of the company’s stock, valued at approximately $384,550.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 28.50% of the company’s stock.
Shoe Carnival (SCVL) traded down $0.88 during trading on Friday, hitting $24.82. 217,000 shares of the stock were exchanged, compared to its average volume of 203,602. The stock has a market cap of $435.66, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.45 and a beta of 1.06. Shoe Carnival has a twelve month low of $15.07 and a twelve month high of $29.56.
Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Thursday, November 16th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. Shoe Carnival had a net margin of 2.17% and a return on equity of 7.81%. The business had revenue of $287.47 million for the quarter, compared to the consensus estimate of $286.90 million. analysts anticipate that Shoe Carnival will post 1.48 earnings per share for the current year.
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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.
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