Shoe Carnival, Inc. (NASDAQ:SCVL) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Friday.
Several other research firms also recently weighed in on SCVL. Wedbush reissued an “outperform” rating and issued a $25.00 price target (down from $27.00) on shares of Shoe Carnival in a research note on Friday. Susquehanna Bancshares Inc raised shares of Shoe Carnival from a “neutral” rating to a “positive” rating and raised their price target for the stock from $19.00 to $23.00 in a research note on Wednesday, September 20th. Zacks Investment Research raised shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, September 20th. BidaskClub downgraded shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Sidoti downgraded shares of Shoe Carnival from a “buy” rating to a “neutral” rating and set a $24.00 price target on the stock. in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.75.
Shoe Carnival (NASDAQ SCVL) opened at $28.30 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.16 and a quick ratio of 0.43. The firm has a market cap of $455.28, a PE ratio of 18.45, a PEG ratio of 1.51 and a beta of 0.90. Shoe Carnival has a 52 week low of $15.07 and a 52 week high of $31.79.
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 Thomson Reuters’ consensus estimate of $0.58 by $0.08. The firm had revenue of $287.47 million for the quarter, compared to the consensus estimate of $286.90 million. Shoe Carnival had a net margin of 2.17% and a return on equity of 7.81%. research analysts anticipate that Shoe Carnival will post 1.48 EPS for the current year.
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In other news, Director Charles B. Tomm bought 11,190 shares of Shoe Carnival stock in a transaction on Friday, September 29th. The shares were bought at an average cost of $22.69 per share, with a total value of $253,901.10. Following the completion of the purchase, the director now directly owns 16,948 shares of the company’s stock, valued at $384,550.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.60% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of SCVL. Tower Research Capital LLC TRC purchased a new position in Shoe Carnival during the second quarter worth about $175,000. JPMorgan Chase & Co. raised its stake in Shoe Carnival by 482.3% during the first quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $186,000 after purchasing an additional 6,260 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Shoe Carnival during the third quarter worth about $222,000. Cubist Systematic Strategies LLC purchased a new position in Shoe Carnival during the third quarter worth about $224,000. Finally, Alliancebernstein L.P. raised its stake in Shoe Carnival by 13.6% during the second quarter. Alliancebernstein L.P. now owns 10,850 shares of the company’s stock worth $227,000 after purchasing an additional 1,300 shares during the period. 62.72% of the stock is currently owned by institutional investors.
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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