Media stories about Shoe Carnival (NASDAQ:SCVL) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shoe Carnival earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.1717075038247 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of research analysts have issued reports on the stock. BidaskClub raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Wedbush reaffirmed a “buy” rating and issued a $33.00 price target (up previously from $27.00) on shares of Shoe Carnival in a report on Tuesday, December 19th. TheStreet raised shares of Shoe Carnival from a “c” rating to a “b-” rating in a report on Friday, November 17th. Pivotal Research assumed coverage on shares of Shoe Carnival in a report on Tuesday, November 21st. They issued a “hold” rating and a $28.00 price target for the company. Finally, Jefferies Group set a $22.00 price target on shares of Shoe Carnival and gave the stock a “hold” rating in a report on Saturday, November 18th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.86.
Shares of Shoe Carnival (SCVL) traded down $0.61 during trading on Wednesday, hitting $24.66. 187,500 shares of the company traded hands, compared to its average volume of 257,010. Shoe Carnival has a 12-month low of $15.07 and a 12-month high of $28.38. The stock has a market capitalization of $428.37, a PE ratio of 18.54, a PEG ratio of 1.43 and a beta of 1.06.
Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, November 16th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.08. Shoe Carnival had a net margin of 2.17% and a return on equity of 7.81%. The firm had revenue of $287.47 million during the quarter, compared to analysts’ expectations of $286.90 million. analysts expect that Shoe Carnival will post 1.48 EPS for the current year.
Shoe Carnival declared that its Board of Directors has initiated a stock buyback program on Tuesday, December 19th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Monday, January 8th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, January 5th. This represents a $0.30 annualized dividend and a dividend yield of 1.22%. Shoe Carnival’s dividend payout ratio (DPR) is presently 22.56%.
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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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