BidaskClub downgraded shares of Shoe Carnival (NASDAQ:SCVL) from a sell rating to a strong sell rating in a research note released on Tuesday.

Other research analysts have also recently issued research reports about the company. Pivotal Research reaffirmed a buy rating and issued a $45.00 price target (down previously from $47.00) on shares of Shoe Carnival in a report on Tuesday, January 15th. ValuEngine raised Shoe Carnival from a hold rating to a buy rating in a report on Thursday, January 3rd. Zacks Investment Research cut Shoe Carnival from a buy rating to a hold rating in a report on Wednesday, March 20th. Wedbush reaffirmed an outperform rating and issued a $47.00 price target on shares of Shoe Carnival in a report on Monday, March 18th. Finally, Susquehanna Bancshares raised Shoe Carnival from a neutral rating to a positive rating and set a $42.00 price target on the stock in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $39.17.

NASDAQ SCVL opened at $30.48 on Tuesday. The firm has a market capitalization of $474.45 million, a price-to-earnings ratio of 20.46 and a beta of 0.78. Shoe Carnival has a 1 year low of $22.21 and a 1 year high of $45.00.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Tuesday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The company had revenue of $234.70 million for the quarter, compared to analysts’ expectations of $232.84 million. Shoe Carnival had a return on equity of 12.51% and a net margin of 3.17%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, equities research analysts forecast that Shoe Carnival will post 2.42 EPS for the current fiscal year.

In other Shoe Carnival news, Director Kent A. Kleeberger sold 1,074 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $33.98, for a total transaction of $36,494.52. Following the sale, the director now directly owns 13,886 shares of the company’s stock, valued at approximately $471,846.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 22.70% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in SCVL. Smith Asset Management Group LP acquired a new stake in Shoe Carnival during the 4th quarter valued at $69,000. Advisor Group Inc. raised its stake in Shoe Carnival by 1,066.1% during the 4th quarter. Advisor Group Inc. now owns 2,134 shares of the company’s stock valued at $71,000 after purchasing an additional 1,951 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Shoe Carnival by 232.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,044 shares of the company’s stock valued at $102,000 after purchasing an additional 2,128 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Shoe Carnival during the 4th quarter valued at $111,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Shoe Carnival during the 4th quarter valued at $128,000. 87.32% of the stock is currently owned by institutional investors.

Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.

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Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

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