Shares of Shoe Carnival Inc. (NASDAQ:SCVL) 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.

A number of analysts have recently issued reports on SCVL shares. Sterne Agee CRT cut their target price on shares of Shoe Carnival from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, May 20th. Zacks Investment Research upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Thursday, July 21st. Jefferies Group cut their target price on shares of Shoe Carnival from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, May 20th. Finally, Sidoti started coverage on shares of Shoe Carnival in a research note on Tuesday, June 7th. They set a “neutral” rating and a $27.00 target price for the company. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.60.

The firm has a market capitalization of $589.59 million and a price-to-earnings ratio of 20.27. The firm has a 50 day moving average of $26.60 and a 200 day moving average of $25.22.

An institutional investor recently raised its position in Shoe Carnival stock. Schwab Charles Investment Management Inc. boosted its position in shares of Shoe Carnival Inc. (NASDAQ:SCVL) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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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