Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) have received a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $22.50.
A number of brokerages recently weighed in on SCVL. Johnson Rice cut Shoe Carnival from a “buy” rating to an “accumulate” rating in a research note on Friday, March 24th. Jefferies Group LLC set a $26.00 price objective on Shoe Carnival and gave the stock a “hold” rating in a research note on Friday, March 17th. B. Riley assumed coverage on Shoe Carnival in a research report on Tuesday, March 14th. They set a “neutral” rating and a $26.00 target price on the stock. 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. Finally, TheStreet lowered Shoe Carnival from a “b-” rating to a “c+” rating in a research report on Tuesday, May 23rd.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 in the last quarter. 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 in the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Shoe Carnival during the first quarter worth $249,000. State of Tennessee Treasury Department purchased a new position in shares of Shoe Carnival during the third quarter worth $307,000. Finally, United Capital Financial Advisers LLC purchased a new position in shares of Shoe Carnival during the first quarter worth $303,000. 65.05% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This news story was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://sportsperspectives.com/2017/06/23/brokerages-set-shoe-carnival-inc-scvl-target-price-at-23-40-updated.html.
Shares of Shoe Carnival (NASDAQ SCVL) traded up 1.06% during trading on Monday, hitting $19.00. The stock had a trading volume of 279,488 shares. The company has a market cap of $327.88 million, a P/E ratio of 16.16 and a beta of 0.97. The stock has a 50-day moving average price of $20.96 and a 200 day moving average price of $24.67. Shoe Carnival has a 12 month low of $17.56 and a 12 month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Wednesday, May 24th. The company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $251.74 million. Shoe Carnival had a return on equity of 7.27% and a net margin of 2.12%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. Equities analysts expect that Shoe Carnival will post $1.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.58%. Shoe Carnival’s dividend payout ratio is currently 23.53%.
Shoe Carnival Company Profile
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.
Receive News & Ratings for Shoe Carnival Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Shoe Carnival Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.