Media coverage about Shoe Carnival (NASDAQ:SCVL) has trended somewhat positive this week, according to Alpha One Sentiment. The research group, a unit of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shoe Carnival earned a news impact score of 0.22 on Alpha One’s scale. Alpha One also gave news headlines about the company an impact score of 81 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the immediate future.
A number of research analysts have recently commented on SCVL shares. Jefferies Group LLC set a $26.00 target price on Shoe Carnival and gave the company a “hold” rating in a research note on Friday, March 17th. Johnson Rice cut Shoe Carnival from a “buy” rating to an “accumulate” rating in a research note on Friday, March 24th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $24.00 target price on shares of Shoe Carnival in a research note on Monday, March 27th. Zacks Investment Research upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. Finally, B. Riley started coverage on Shoe Carnival in a research report on Thursday, March 9th. They set a “neutral” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.29.
Shoe Carnival (NASDAQ:SCVL) traded down 5.08% on Friday, reaching $21.68. The company had a trading volume of 224,284 shares. The stock’s 50-day moving average is $24.46 and its 200-day moving average is $26.09. Shoe Carnival has a 52 week low of $21.16 and a 52 week high of $31.79. The company has a market capitalization of $383.56 million, a P/E ratio of 16.96 and a beta of 0.90.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, March 23rd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Shoe Carnival had a return on equity of 8.51% and a net margin of 2.86%. The firm had revenue of $234.20 million during the quarter, compared to analyst estimates of $234.89 million. During the same quarter in the prior year, the business posted $0.21 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts forecast that Shoe Carnival will post $1.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 24th. Stockholders of record on Monday, April 10th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, April 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.29%. Shoe Carnival’s dividend payout ratio is presently 18.30%.
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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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