Shoe Carnival Inc. (NASDAQ:SCVL) has earned an average rating of “Hold” from the seven research firms that are presently covering the company. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $28.25.
Several equities research analysts have recently commented on SCVL shares. Zacks Investment Research raised Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Sidoti started coverage on Shoe Carnival in a research note on Tuesday, June 7th. They issued a “neutral” rating and a $27.00 target price for the company. Susquehanna started coverage on Shoe Carnival in a research note on Thursday, September 15th. They issued a “neutral” rating and a $27.00 target price for the company. Finally, Jefferies Group lifted their target price on Shoe Carnival from $24.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, September 1st.
Shoe Carnival (NASDAQ:SCVL) opened at 26.66 on Tuesday. The company’s 50-day moving average price is $27.42 and its 200 day moving average price is $25.92. The firm has a market capitalization of $501.79 million, a price-to-earnings ratio of 18.16 and a beta of 0.96. Shoe Carnival has a 52-week low of $17.36 and a 52-week high of $30.13.
Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Wednesday, August 31st. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.05. Shoe Carnival had a net margin of 2.84% and a return on equity of 8.33%. The business had revenue of $231.90 million for the quarter, compared to analyst estimates of $237.22 million. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts predict that Shoe Carnival will post $1.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a $0.07 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.28 annualized dividend and a dividend yield of 1.05%. Shoe Carnival’s dividend payout ratio is currently 19.18%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in Shoe Carnival by 5.1% in the second quarter. Victory Capital Management Inc. now owns 647,978 shares of the company’s stock valued at $16,239,000 after buying an additional 31,348 shares in the last quarter. Vanguard Group Inc. raised its position in Shoe Carnival by 1.0% in the second quarter. Vanguard Group Inc. now owns 538,388 shares of the company’s stock valued at $13,492,000 after buying an additional 5,553 shares in the last quarter. State Street Corp raised its position in Shoe Carnival by 1.7% in the second quarter. State Street Corp now owns 295,703 shares of the company’s stock valued at $7,410,000 after buying an additional 4,851 shares in the last quarter. LSV Asset Management raised its position in Shoe Carnival by 62.8% in the second quarter. LSV Asset Management now owns 229,298 shares of the company’s stock valued at $5,746,000 after buying an additional 88,486 shares in the last quarter. Finally, Allianz Asset Management AG raised its position in Shoe Carnival by 3.3% in the second quarter. Allianz Asset Management AG now owns 194,681 shares of the company’s stock valued at $4,879,000 after buying an additional 6,295 shares in the last quarter. Institutional investors and hedge funds own 64.95% of the company’s stock.
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. The Company’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic footwear for men, women and children.
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