Shoe Carnival, Inc. (SCVL) Upgraded at TheStreet
Several other equities analysts have also recently commented on SCVL. Zacks Investment Research cut shares of Shoe Carnival from a hold rating to a sell rating in a research report on Thursday, July 20th. BidaskClub cut shares of Shoe Carnival from a sell rating to a strong sell rating in a research report on Thursday, July 27th. Wedbush started coverage on shares of Shoe Carnival in a research report on Monday, August 14th. They set an outperform rating and a $21.00 price target on the stock. Susquehanna Bancshares Inc reaffirmed a hold rating and set a $18.00 price target on shares of Shoe Carnival in a research report on Monday, August 28th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $20.00 price target (down previously from $21.00) on shares of Shoe Carnival in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned 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 price target of $24.63.
Shares of Shoe Carnival (NASDAQ SCVL) traded up $1.55 during trading on Friday, hitting $28.30. The stock had a trading volume of 846,000 shares, compared to its average volume of 194,061. 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 firm has a market capitalization of $481.66, a P/E ratio of 18.45, a PEG ratio of 1.51 and a beta of 0.90. Shoe Carnival has a 12 month low of $15.07 and a 12 month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Thursday, November 16th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.08. The company had revenue of $287.47 million during 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%. sell-side analysts expect that Shoe Carnival will post 1.48 earnings per share for the current year.
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In other Shoe Carnival news, Director Charles B. Tomm bought 11,190 shares of the business’s stock in a transaction on Friday, September 29th. The shares were purchased at an average price of $22.69 per share, with a total value of $253,901.10. Following the completion of the acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of SCVL. JPMorgan Chase & Co. lifted its holdings in Shoe Carnival by 482.3% in the first quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $186,000 after acquiring an additional 6,260 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Shoe Carnival by 5.6% in the first quarter. California Public Employees Retirement System now owns 46,800 shares of the company’s stock worth $1,150,000 after acquiring an additional 2,500 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Shoe Carnival by 4.2% in the first quarter. Vanguard Group Inc. now owns 687,504 shares of the company’s stock worth $16,893,000 after acquiring an additional 27,447 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Shoe Carnival by 7.5% in the first quarter. Geode Capital Management LLC now owns 225,430 shares of the company’s stock worth $5,537,000 after acquiring an additional 15,799 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Shoe Carnival by 7.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 93,867 shares of the company’s stock worth $2,307,000 after acquiring an additional 6,488 shares during the last quarter. 62.72% of the stock is currently owned by hedge funds and other institutional investors.
About Shoe Carnival
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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