According to Zacks, “Shoe Carnival, Inc. is a high volume, value-oriented retailer of family footwear. They adhere to a highly promotional marketing concept that enables them to be competitive in the retail markets they enter. They provide a selection and variety of footwear normally associated with a category killer superstore in an exciting retail environment. “
Other equities analysts have also issued research reports about the stock. Jefferies Group boosted their price objective on shares of Shoe Carnival from $24.00 to $29.00 and gave the stock a hold rating in a report on Thursday, September 1st. Susquehanna assumed coverage on shares of Shoe Carnival in a report on Thursday, September 15th. They issued a neutral rating and a $27.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $28.00.
Shares of Shoe Carnival (NASDAQ:SCVL) opened at 26.77 on Friday. The firm has a market cap of $503.86 million, a P/E ratio of 18.24 and a beta of 0.97. The company has a 50-day moving average of $27.43 and a 200-day moving average of $25.96. Shoe Carnival has a 12 month low of $17.36 and a 12 month high of $30.13.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.05. Shoe Carnival had a return on equity of 8.33% and a net margin of 2.84%. The firm earned $231.90 million during the quarter, compared to analyst estimates of $237.22 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts forecast that Shoe Carnival will post $1.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be paid a $0.07 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.05%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.18%.
Several large investors have recently modified their holdings of SCVL. Alambic Investment Management L.P. increased its stake in shares of Shoe Carnival by 69.9% in the second quarter. Alambic Investment Management L.P. now owns 42,898 shares of the company’s stock worth $1,075,000 after buying an additional 17,647 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of Shoe Carnival by 23.7% in the second quarter. Systematic Financial Management LP now owns 62,003 shares of the company’s stock worth $1,553,000 after buying an additional 11,860 shares in the last quarter. LSV Asset Management increased its stake in shares of Shoe Carnival by 62.8% in the second quarter. LSV Asset Management now owns 229,298 shares of the company’s stock worth $5,746,000 after buying an additional 88,486 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Shoe Carnival by 4.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 11,847 shares of the company’s stock worth $319,000 after buying an additional 530 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Shoe Carnival by 13.4% in the first quarter. Renaissance Technologies LLC now owns 39,000 shares of the company’s stock worth $1,051,000 after buying an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 64.95% of the company’s stock.
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. 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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