Shoe Carnival, Inc. (SCVL) Expected to Post FY2018 Earnings of $1.47 Per Share
Shoe Carnival, Inc. (NASDAQ:SCVL) – Analysts at Jefferies Group raised their FY2018 earnings per share (EPS) estimates for shares of Shoe Carnival in a research report issued on Friday. Jefferies Group analyst R. Konik now forecasts that the company will earn $1.47 per share for the year, up from their prior estimate of $1.45. Jefferies Group has a “Hold” rating and a $22.00 price objective on the stock. Jefferies Group also issued estimates for Shoe Carnival’s Q4 2018 earnings at $0.05 EPS.
Several other equities research analysts also recently issued reports on the company. Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $18.00 price objective on shares of Shoe Carnival in a report on Monday, August 28th. Zacks Investment Research downgraded Shoe Carnival from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Sidoti downgraded Shoe Carnival from a “buy” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a report on Tuesday, October 3rd. UBS AG upgraded Shoe Carnival from a “neutral” rating to a “positive” rating in a report on Wednesday, September 20th. Finally, BidaskClub cut Shoe Carnival from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.14.
Shares of Shoe Carnival (NASDAQ SCVL) opened at $26.75 on Monday. 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 $455.28, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.51 and a beta of 0.90. Shoe Carnival has a 1-year low of $15.07 and a 1-year high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, November 16th. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.08. The company had revenue of $287.47 million for the quarter, compared to the consensus estimate of $286.90 million. Shoe Carnival had a return on equity of 7.81% and a net margin of 2.17%.
In other Shoe Carnival news, Director Charles B. Tomm acquired 11,190 shares of the stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of $22.69 per share, with a total value of $253,901.10. Following the transaction, the director now owns 16,948 shares in the company, valued at approximately $384,550.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 32.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 6,260 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Shoe Carnival during the 2nd quarter worth about $175,000. Crossmark Global Holdings Inc. acquired a new position in shares of Shoe Carnival during the 3rd quarter worth about $222,000. Cubist Systematic Strategies LLC acquired a new position in shares of Shoe Carnival during the 3rd quarter worth about $224,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Shoe Carnival during the 1st quarter worth about $249,000. 62.72% of the stock is owned by institutional investors and hedge funds.
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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