News stories about Shoe Carnival (NASDAQ:SCVL) have trended positive this week, Alpha One Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shoe Carnival earned a daily sentiment score of 0.46 on Alpha One’s scale. Alpha One also assigned media coverage about the company an impact score of 89 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected AlphaOne Sentiment’s scoring:
- A Look at the valuation of Convatec Group Plc (LSE:CTEC) (badhub.net)
- Critical Analysis: Shoe Carnival (SCVL) & DSW (DSW) (americanbankingnews.com)
- Shoe Carnival Down 24.7% Since SmarTrend Downtrend Call (SCVL) (mysmartrend.com)
- Shoe Carnival, Inc. (SCVL) Short Interest Update (americanbankingnews.com)
Shares of Shoe Carnival (NASDAQ SCVL) traded down 0.73% on Tuesday, reaching $20.26. The company’s stock had a trading volume of 27,402 shares. The company has a market cap of $349.63 million, a P/E ratio of 17.23 and a beta of 0.97. The company has a 50 day moving average price of $21.93 and a 200 day moving average price of $25.04. Shoe Carnival has a 52-week low of $17.56 and a 52-week high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Wednesday, May 24th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate 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 company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. On average, analysts anticipate that Shoe Carnival will post $1.41 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. ValuEngine upgraded Shoe Carnival from a “hold” rating to a “buy” rating in a report on Wednesday, May 24th. Zacks Investment Research upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. B. Riley reiterated a “neutral” rating and set a $21.00 price target on shares of Shoe Carnival in a report on Monday, May 22nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $21.00 price target (down previously from $26.00) on shares of Shoe Carnival in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.00.
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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.
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