Shoe Carnival, Inc. (NASDAQ:SCVL) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the stock. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $24.40.
A number of equities analysts have recently commented on the stock. B. Riley assumed coverage on shares of Shoe Carnival in a research report on Tuesday, March 14th. They issued a “neutral” rating and a $26.00 price target on the stock. Zacks Investment Research lowered shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. Jefferies Group LLC reissued a “hold” rating and issued a $26.00 price target on shares of Shoe Carnival in a research report on Friday, March 24th. Johnson Rice lowered shares of Shoe Carnival from a “buy” rating to an “accumulate” rating in a research report on Friday, March 24th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $24.00 target price on shares of Shoe Carnival in a research report on Monday, March 27th.
Shoe Carnival (NASDAQ:SCVL) opened at 20.12 on Tuesday. The firm has a market cap of $355.96 million, a price-to-earnings ratio of 15.74 and a beta of 0.90. The company’s 50-day moving average is $23.85 and its 200 day moving average is $25.90. Shoe Carnival has a 12 month low of $19.70 and a 12 month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Thursday, March 23rd. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. Shoe Carnival had a net margin of 2.86% and a return on equity of 8.51%. The company had revenue of $234.20 million for the quarter, compared to analyst estimates of $234.89 million. During the same quarter last year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts predict that Shoe Carnival will post $1.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 24th. Investors of record on Monday, April 10th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, April 6th. Shoe Carnival’s dividend payout ratio (DPR) is currently 18.30%.
Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Shoe Carnival by 5.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,059 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the period. Acrospire Investment Management LLC raised its position in shares of Shoe Carnival by 859.2% in the third quarter. Acrospire Investment Management LLC now owns 6,350 shares of the company’s stock worth $169,000 after buying an additional 5,688 shares during the period. JPMorgan Chase & Co. raised its position in shares of Shoe Carnival by 482.3% in the first quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $186,000 after buying an additional 6,260 shares during the period. First Trust Advisors LP bought a new position in shares of Shoe Carnival during the third quarter worth about $205,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Shoe Carnival during the first quarter worth $249,000. 68.46% of the stock is currently owned by institutional investors and hedge funds.
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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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