Shoe Carnival (SCVL) Receiving Somewhat Positive Press Coverage, Analysis Shows
Media headlines about Shoe Carnival (NASDAQ:SCVL) have trended somewhat positive on Saturday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shoe Carnival earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.315868836928 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Systematic Financial Management LP Has $1.13 Million Position in Shoe Carnival, Inc. (SCVL) (americanbankingnews.com)
- Arrowstreet Capital Limited Partnership Buys Shares of 256,359 Shoe Carnival, Inc. (SCVL) (americanbankingnews.com)
- Shoe Carnival, Inc. (SCVL) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Zacks: Analysts Expect Shoe Carnival, Inc. (SCVL) Will Announce Quarterly Sales of $244.95 Million (americanbankingnews.com)
- Brokerages Expect Shoe Carnival, Inc. (SCVL) Will Post Earnings of $0.06 Per Share (americanbankingnews.com)
A number of brokerages recently weighed in on SCVL. Zacks Investment Research cut shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. BidaskClub upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Wedbush reiterated a “buy” rating and set a $33.00 price target (up previously from $27.00) on shares of Shoe Carnival in a report on Tuesday, December 19th. TheStreet upgraded shares of Shoe Carnival from a “c” rating to a “b-” rating in a report on Friday, November 17th. Finally, Pivotal Research began coverage on shares of Shoe Carnival in a report on Tuesday, November 21st. They set a “hold” rating and a $28.00 price target for the company. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.86.
Shoe Carnival declared that its board has approved a stock repurchase program on Tuesday, December 19th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
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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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