Shoe Carnival, Inc. (SCVL) Receives Average Recommendation of “Hold” from Analysts
Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) have been given a consensus rating of “Hold” by the ten brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $22.80.
A number of equities research analysts have issued reports on the stock. B. Riley reiterated a “neutral” rating and set a $26.00 price objective on shares of Shoe Carnival in a research note on Wednesday, May 3rd. BidaskClub downgraded shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a research note on Thursday. TheStreet downgraded shares of Shoe Carnival from a “b-” rating to a “c+” rating in a research note on Tuesday, May 23rd. Jefferies Group LLC reiterated a “hold” rating and set a $21.00 price objective (down from $26.00) on shares of Shoe Carnival in a research note on Thursday, May 25th. Finally, Zacks Investment Research upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th.
Shares of Shoe Carnival (NASDAQ:SCVL) traded up 0.72% during trading on Friday, reaching $16.85. 99,328 shares of the company traded hands. The company has a 50-day moving average of $18.80 and a 200-day moving average of $22.53. The stock has a market capitalization of $290.78 million, a PE ratio of 14.33 and a beta of 0.95. Shoe Carnival has a 12 month low of $16.68 and a 12 month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Wednesday, May 24th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $253.40 million for the quarter, compared to the consensus estimate of $251.74 million. Shoe Carnival had a net margin of 2.12% and a return on equity of 7.27%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. Analysts forecast that Shoe Carnival will post $1.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were paid a $0.075 dividend. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, June 29th. Shoe Carnival’s dividend payout ratio (DPR) is presently 25.21%.
Several large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its stake in Shoe Carnival by 5.6% in the first quarter. Parametric Portfolio Associates LLC now owns 65,717 shares of the company’s stock worth $1,615,000 after buying an additional 3,463 shares during the last quarter. TFS Capital LLC bought a new stake in Shoe Carnival during the first quarter worth $772,000. Ameriprise Financial Inc. increased its stake in Shoe Carnival by 5.0% in the first quarter. Ameriprise Financial Inc. now owns 69,850 shares of the company’s stock worth $1,716,000 after buying an additional 3,325 shares during the last quarter. Swiss National Bank increased its stake in Shoe Carnival by 9.5% in the first quarter. Swiss National Bank now owns 24,300 shares of the company’s stock worth $597,000 after buying an additional 2,100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Shoe Carnival by 5.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,059 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Institutional investors own 62.78% of the company’s stock.
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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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