News coverage about Shoe Carnival (NASDAQ:SCVL) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shoe Carnival earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.4543896105988 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several brokerages have issued reports on SCVL. Pivotal Research began coverage on Shoe Carnival in a research report on Tuesday, November 21st. They set a “hold” rating and a $28.00 target price for the company. TheStreet upgraded Shoe Carnival from a “c” rating to a “b-” rating in a research report on Friday, November 17th. BidaskClub upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Jefferies Group set a $22.00 price target on shares of Shoe Carnival and gave the company a “hold” rating in a research note on Saturday, November 18th. Finally, Wedbush reaffirmed a “buy” rating and set a $33.00 price target (up previously from $27.00) on shares of Shoe Carnival in a research note on Tuesday, December 19th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $25.86.
Shares of Shoe Carnival (NASDAQ:SCVL) traded down $0.16 during trading hours on Friday, reaching $23.95. 236,793 shares of the company were exchanged, compared to its average volume of 310,365. The company has a market capitalization of $406.00, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91. Shoe Carnival has a 52 week low of $15.07 and a 52 week high of $28.38.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. Shoe Carnival had a net margin of 2.17% and a return on equity of 7.81%. The company had revenue of $287.47 million during the quarter, compared to the consensus estimate of $286.90 million. equities research analysts forecast that Shoe Carnival will post 1.48 EPS for the current year.
Shoe Carnival declared that its board has initiated a stock buyback program on Tuesday, December 19th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Monday, January 22nd. Shareholders of record on Monday, January 8th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, January 5th. Shoe Carnival’s dividend payout ratio is currently 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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