Shoe Carnival, Inc. (NASDAQ:SCVL) received a $22.00 price target from Jefferies Group LLC in a report released on Saturday. The firm currently has a “hold” rating on the stock. Jefferies Group LLC’s price objective would indicate a potential downside of 17.76% from the stock’s previous close. Jefferies Group also issued estimates for Shoe Carnival’s Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $1.47 EPS.

A number of other analysts also recently issued reports on SCVL. Susquehanna Bancshares Inc restated a “buy” rating and set a $28.00 price target on shares of Shoe Carnival in a report on Friday. Wedbush assumed coverage on shares of Shoe Carnival in a report on Monday, August 14th. They set an “outperform” rating and a $21.00 price target for the company. BidaskClub downgraded shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Finally, UBS AG upgraded shares of Shoe Carnival from a “neutral” rating to a “positive” rating in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $24.14.

Shares of Shoe Carnival (NASDAQ:SCVL) opened at $26.75 on Friday. The stock has a market cap of $455.28, a P/E ratio of 18.45, a PEG ratio of 1.51 and a beta of 0.90. The company has a current ratio of 4.16, a quick ratio of 0.43 and a debt-to-equity ratio of 0.09. Shoe Carnival has a 1-year low of $15.07 and a 1-year high of $31.79.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings results on Thursday, November 16th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.08. The business had revenue of $287.47 million during the quarter, compared to the consensus estimate of $286.90 million. Shoe Carnival had a net margin of 2.17% and a return on equity of 7.81%. research analysts forecast that Shoe Carnival will post 1.48 earnings per share for the current fiscal year.

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In related news, Director Charles B. Tomm bought 11,190 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average price of $22.69 per share, for a total transaction of $253,901.10. Following the acquisition, the director now owns 16,948 shares of the company’s stock, valued at $384,550.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 32.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc increased its holdings in Shoe Carnival by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 22,564 shares of the company’s stock valued at $471,000 after purchasing an additional 557 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Shoe Carnival by 13.6% in the 2nd quarter. Alliancebernstein L.P. now owns 10,850 shares of the company’s stock valued at $227,000 after purchasing an additional 1,300 shares during the last quarter. Citigroup Inc. increased its holdings in Shoe Carnival by 12.5% in the 2nd quarter. Citigroup Inc. now owns 17,658 shares of the company’s stock valued at $368,000 after purchasing an additional 1,961 shares during the last quarter. Strs Ohio increased its holdings in Shoe Carnival by 7.5% in the 2nd quarter. Strs Ohio now owns 28,600 shares of the company’s stock valued at $597,000 after purchasing an additional 2,000 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Shoe Carnival by 2.9% in the 1st quarter. AQR Capital Management LLC now owns 74,918 shares of the company’s stock valued at $1,841,000 after purchasing an additional 2,085 shares during the last quarter. Hedge funds and other institutional investors own 62.72% of the company’s stock.

About Shoe Carnival

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.

Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

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