Shoe Carnival Inc. (NASDAQ:SCVL) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.76 and last traded at $29.56, with a volume of 642,130 shares. The stock had previously closed at $27.51.

SCVL has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group decreased their price target on shares of Shoe Carnival from $25.00 to $24.00 and set a “hold” rating for the company in a report on Friday, May 20th. Sidoti initiated coverage on shares of Shoe Carnival in a report on Tuesday, June 7th. They issued a “neutral” rating and a $27.00 price target for the company. Finally, Sterne Agee CRT decreased their price target on shares of Shoe Carnival from $30.00 to $27.00 and set a “buy” rating for the company in a report on Friday, May 20th. Six 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 $28.60.

The stock has a 50-day moving average of $26.38 and a 200 day moving average of $25.13. The firm has a market capitalization of $581.15 million and a PE ratio of 19.98.

A hedge fund recently raised its stake in Shoe Carnival stock. Schwab Charles Investment Management Inc. boosted its stake in Shoe Carnival Inc. (NASDAQ:SCVL) by 2.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,490 shares of the company’s stock after buying an additional 1,235 shares during the period. Schwab Charles Investment Management Inc. owned about 0.27% of Shoe Carnival worth $1,241,000 at the end of the most recent quarter.

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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