Shoe Carnival, Inc. (SCVL) Receives Average Rating of “Buy” from Brokerages

Shoe Carnival, Inc. (NASDAQ:SCVL) has earned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $38.83.

SCVL has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 31st. BidaskClub upgraded shares of Shoe Carnival from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 27th. Pivotal Research upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $46.00 in a report on Monday, November 12th. UBS Group upgraded shares of Shoe Carnival from a “neutral” rating to a “positive” rating in a report on Wednesday, January 2nd. Finally, ValuEngine cut shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Thursday, December 6th.

In related news, Director Kent A. Kleeberger sold 1,074 shares of the stock in a transaction that occurred 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 transaction, the director now owns 13,886 shares in the company, valued at $471,846.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kent A. Kleeberger sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $36.77, for a total transaction of $55,155.00. Following the transaction, the director now owns 14,960 shares in the company, valued at approximately $550,079.20. The disclosure for this sale can be found here. 22.70% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Smith Asset Management Group LP bought a new position in Shoe Carnival in the fourth quarter worth approximately $69,000. Advisor Group Inc. raised its position in Shoe Carnival by 1,066.1% in the fourth quarter. Advisor Group Inc. now owns 2,134 shares of the company’s stock worth $71,000 after acquiring an additional 1,951 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Shoe Carnival in the fourth quarter worth approximately $111,000. Oregon Public Employees Retirement Fund bought a new position in Shoe Carnival in the fourth quarter worth approximately $128,000. Finally, Pacer Advisors Inc. bought a new position in Shoe Carnival in the third quarter worth approximately $157,000. Institutional investors own 87.30% of the company’s stock.

Shares of NASDAQ:SCVL traded down $0.01 during trading on Wednesday, reaching $36.68. 151,736 shares of the stock traded hands, compared to its average volume of 374,700. Shoe Carnival has a 52-week low of $21.72 and a 52-week high of $45.00. The stock has a market cap of $566.27 million, a price-to-earnings ratio of 24.62 and a beta of 0.78.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, November 15th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.15. Shoe Carnival had a net margin of 3.17% and a return on equity of 12.51%. The firm had revenue of $269.18 million for the quarter, compared to analysts’ expectations of $265.40 million. On average, sell-side analysts forecast that Shoe Carnival will post 2.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 28th. Investors of record on Monday, January 14th were given a dividend of $0.08 per share. The ex-dividend date was Friday, January 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.87%. Shoe Carnival’s dividend payout ratio (DPR) is 21.48%.

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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