Jefferies Group set a $22.00 price objective on Shoe Carnival (NASDAQ:SCVL) in a report released on Saturday, November 18th. The firm currently has a hold rating on the stock. Jefferies Group also issued estimates for Shoe Carnival’s Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $1.47 EPS.
A number of other equities research analysts also recently issued reports on the company. Susquehanna Bancshares restated a buy rating and set a $28.00 price objective on shares of Shoe Carnival in a research report on Friday, November 17th. Wedbush reaffirmed an outperform rating and set a $25.00 target price (down previously from $27.00) on shares of Shoe Carnival in a research note on Friday, November 17th. Sidoti cut Shoe Carnival from a buy rating to a neutral rating and set a $24.00 target price on the stock. in a research note on Tuesday, October 3rd. Zacks Investment Research raised Shoe Carnival from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research note on Tuesday, October 3rd. Finally, UBS raised Shoe Carnival from a neutral rating to a positive rating in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Shoe Carnival currently has a consensus rating of Hold and an average target price of $24.63.
Shares of Shoe Carnival (NASDAQ:SCVL) traded up $0.11 during trading on Friday, hitting $24.93. The stock had a trading volume of 325,660 shares, compared to its average volume of 202,624. The company has a quick ratio of 0.43, a current ratio of 4.16 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $429.58, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.43 and a beta of 1.06. Shoe Carnival has a fifty-two week low of $15.07 and a fifty-two week high of $30.75.
Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, November 16th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. Shoe Carnival had a return on equity of 7.81% and a net margin of 2.17%. The company had revenue of $287.47 million for the quarter, compared to the consensus estimate of $286.90 million. analysts forecast that Shoe Carnival will post 1.48 earnings per share for the current year.
In other news, Director Charles B. Tomm bought 11,190 shares of Shoe Carnival 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 purchase, the director now directly owns 16,948 shares of the company’s stock, valued at approximately $384,550.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 32.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Shoe Carnival by 482.3% during the 1st 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. Tower Research Capital LLC TRC acquired a new stake in Shoe Carnival during the 2nd quarter worth about $175,000. Crossmark Global Holdings Inc. acquired a new stake in Shoe Carnival during the 3rd quarter worth about $222,000. Cubist Systematic Strategies LLC acquired a new stake in Shoe Carnival during the 3rd quarter worth about $224,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Shoe Carnival during the 1st quarter valued at about $249,000. 65.82% 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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