Shoe Carnival Inc. (NASDAQ:SCVL) saw an uptick in trading volume on Wednesday . 131,537 shares changed hands during mid-day trading, an increase of 35% from the previous session’s volume of 97,413 shares.The stock last traded at $29.97 and had previously closed at $29.69.

Several research firms have weighed in on SCVL. Zacks Investment Research raised Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Tuesday. Sterne Agee CRT reaffirmed a “buy” rating on shares of Shoe Carnival in a research report on Thursday, May 26th. Jefferies Group dropped their price target on Shoe Carnival from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, May 20th. Finally, Sidoti started coverage on Shoe Carnival in a research report on Tuesday, June 7th. They set a “neutral” rating and a $27.00 price target on the stock. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.60.

The stock’s 50 day moving average price is $26.47 and its 200-day moving average price is $25.18. The company has a market cap of $589.59 million and a P/E ratio of 20.27.

An institutional investor recently raised its position in Shoe Carnival stock. Schwab Charles Investment Management Inc. increased its position in shares of Shoe Carnival Inc. (NASDAQ:SCVL) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 0.27% of Shoe Carnival worth $1,241,000 as of its most recent filing with the SEC.

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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