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.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. acquired a new position in Shoe Carnival during the 2nd quarter worth approximately $2,052,000. Ameriprise Financial Inc. grew its holdings in Shoe Carnival by 19.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 83,309 shares of the company’s stock worth $1,741,000 after acquiring an additional 13,459 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Shoe Carnival by 67.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 89,641 shares of the company’s stock valued at $1,872,000 after buying an additional 36,100 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Shoe Carnival by 35.7% in the 2nd quarter. Prudential Financial Inc. now owns 153,749 shares of the company’s stock valued at $3,210,000 after buying an additional 40,480 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Shoe Carnival by 33.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 124,803 shares of the company’s stock valued at $2,606,000 after buying an additional 30,936 shares in the last quarter. Institutional investors own 66.09% 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.

Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

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