Media stories about Shoe Carnival (NASDAQ:SCVL) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shoe Carnival earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 48.1138332117748 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Shoe Carnival (SCVL) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Shoe Carnival (SCVL) Cut to “Sell” at BidaskClub (americanbankingnews.com)
- Shoe Carnival (SCVL) Expected to Announce Earnings of $0.75 Per Share (americanbankingnews.com)
- Shoe Carnival (SCVL) Upgraded at Zacks Investment Research (americanbankingnews.com)
- BidaskClub Lowers Shoe Carnival (SCVL) to Strong Sell (americanbankingnews.com)
Shares of SCVL stock traded up $0.28 during mid-day trading on Thursday, hitting $24.28. 165,456 shares of the company’s stock were exchanged, compared to its average volume of 284,527. Shoe Carnival has a fifty-two week low of $15.07 and a fifty-two week high of $28.38. The stock has a market capitalization of $401.42, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81.
Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Tuesday, March 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Shoe Carnival had a return on equity of 8.02% and a net margin of 1.86%. The business had revenue of $243.23 million for the quarter, compared to analysts’ expectations of $248.19 million. During the same quarter last year, the firm earned $0.07 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. sell-side analysts forecast that Shoe Carnival will post 1.92 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 9th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, April 6th. Shoe Carnival’s payout ratio is currently 20.13%.
Several equities analysts have weighed in on the company. BidaskClub raised Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Pivotal Research set a $30.00 price target on Shoe Carnival and gave the stock a “buy” rating in a research report on Wednesday, March 28th. Jefferies Group reissued a “hold” rating and set a $24.00 price target on shares of Shoe Carnival in a research report on Wednesday, March 28th. Zacks Investment Research cut Shoe Carnival from a “hold” rating to a “sell” rating in a report on Friday, March 30th. Finally, TheStreet cut Shoe Carnival from a “b” rating to a “c+” rating in a report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.43.
In related news, CEO Clifton E. Sifford sold 7,500 shares of Shoe Carnival stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $23.75, for a total value of $178,125.00. Following the transaction, the chief executive officer now owns 238,903 shares in the company, valued at $5,673,946.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP W Kerry Jackson sold 4,000 shares of Shoe Carnival stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $23.82, for a total value of $95,280.00. Following the completion of the transaction, the executive vice president now owns 131,187 shares in the company, valued at approximately $3,124,874.34. The disclosure for this sale can be found here. Insiders sold 12,700 shares of company stock worth $302,781 in the last quarter. 28.50% of the stock is owned by insiders.
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About Shoe Carnival
Shoe Carnival, Inc, together with its subsidiaries, operates as family footwear retailer in the United States. It provides various dress, casual, and athletic footwear products for men, women, and children, as well as accessories, including socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.
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