BidaskClub upgraded shares of Shoe Carnival (NASDAQ:SCVL) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, BidAskClub reports.
Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Shoe Carnival from a hold rating to a buy rating and set a $34.00 target price on the stock in a report on Saturday, August 31st. ValuEngine upgraded shares of Shoe Carnival from a sell rating to a hold rating in a report on Tuesday. Pivotal Research set a $31.00 target price on shares of Shoe Carnival and gave the stock a buy rating in a report on Friday, August 23rd. Finally, Wedbush reiterated an outperform rating on shares of Shoe Carnival in a report on Thursday, August 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Shoe Carnival currently has a consensus rating of Buy and an average target price of $34.75.
SCVL traded up $0.05 during trading on Wednesday, hitting $32.12. The stock had a trading volume of 229,725 shares, compared to its average volume of 332,905. The firm has a market cap of $483.00 million, a PE ratio of 13.55 and a beta of 0.85. Shoe Carnival has a 12 month low of $21.47 and a 12 month high of $43.75. The company has a current ratio of 2.21, a quick ratio of 0.29 and a debt-to-equity ratio of 0.66. The company has a 50 day simple moving average of $26.24 and a 200-day simple moving average of $30.03.
Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Wednesday, August 28th. The company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $268.22 million for the quarter, compared to the consensus estimate of $268.62 million. Shoe Carnival had a net margin of 3.81% and a return on equity of 12.32%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. As a group, sell-side analysts anticipate that Shoe Carnival will post 2.65 earnings per share for the current fiscal year.
In other news, Director Charles B. Tomm sold 8,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $29.49, for a total transaction of $235,920.00. Following the transaction, the director now owns 13,039 shares in the company, valued at approximately $384,520.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kent A. Kleeberger sold 1,090 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $28.68, for a total transaction of $31,261.20. Following the transaction, the director now owns 15,054 shares in the company, valued at approximately $431,748.72. The disclosure for this sale can be found here. Insiders own 23.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. 361 Capital LLC increased its holdings in shares of Shoe Carnival by 9.2% during the 1st quarter. 361 Capital LLC now owns 76,806 shares of the company’s stock worth $2,614,000 after purchasing an additional 6,479 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Shoe Carnival during the 2nd quarter valued at about $3,856,000. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of Shoe Carnival by 482.1% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 327,180 shares of the company’s stock valued at $11,133,000 after acquiring an additional 270,976 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Shoe Carnival by 74.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 123,910 shares of the company’s stock valued at $4,217,000 after acquiring an additional 52,909 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of Shoe Carnival by 32.0% during the 1st quarter. Royce & Associates LP now owns 639,932 shares of the company’s stock valued at $21,777,000 after acquiring an additional 155,068 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.
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, scarves, and wallets.
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