Shoe Carnival, Inc. (NASDAQ:SCVL) has earned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.14.
Several equities analysts have commented on SCVL shares. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Shoe Carnival in a research report on Monday, August 28th. Zacks Investment Research cut Shoe Carnival from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Sidoti cut Shoe Carnival from a “buy” rating to a “neutral” rating and set a $24.00 target price for the company. in a report on Tuesday, October 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price (down from $21.00) on shares of Shoe Carnival in a report on Thursday, August 31st. Finally, UBS AG upgraded Shoe Carnival from a “neutral” rating to a “positive” rating in a report on Wednesday, September 20th.
In other Shoe Carnival news, Director Charles B. Tomm bought 11,190 shares of Shoe Carnival stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average cost of $22.69 per share, with a total value of $253,901.10. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 32.60% of the company’s stock.
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Shares of Shoe Carnival (NASDAQ SCVL) traded up $6.12 during trading on Monday, reaching $26.75. The company’s stock had a trading volume of 2,411,100 shares, compared to its average volume of 191,137. The company has a market cap of $455.28, a P/E ratio of 18.45, a PEG ratio of 1.51 and a beta of 0.90. The company has a quick ratio of 0.43, a current ratio of 4.16 and a debt-to-equity ratio of 0.09. 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 quarterly earnings data on Thursday, November 16th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ 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%. equities analysts anticipate that Shoe Carnival will post 1.48 EPS for the current year.
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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