Shoe Carnival Inc. (NASDAQ:SCVL) shares saw an uptick in trading volume on Wednesday . 131,537 shares traded 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.

A number of brokerages have recently weighed in on SCVL. Zacks Investment Research raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Tuesday. Sidoti began coverage on shares of Shoe Carnival in a research note on Tuesday, June 7th. They issued a “neutral” rating and a $27.00 price target for the company. Sterne Agee CRT reaffirmed a “buy” rating on shares of Shoe Carnival in a research note on Thursday, May 26th. Finally, Jefferies Group reduced their price target 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. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.60.

The company has a 50 day moving average price of $26.73 and a 200-day moving average price of $25.25. The firm has a market cap of $580.66 million and a price-to-earnings ratio of 19.963.

A hedge fund recently raised its stake in Shoe Carnival stock. Schwab Charles Investment Management Inc. raised 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 SEC. The firm 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 approximately 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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