Shoe Carnival Inc. (NASDAQ:SCVL)‘s stock had its “neutral” rating restated by Susquehanna in a research note issued to investors on Wednesday. They presently have a $27.00 price objective on the stock. Susquehanna’s price objective points to a potential upside of 3.25% from the stock’s previous close.

A number of other research firms have also issued reports on SCVL. Zacks Investment Research raised Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. Jefferies Group increased their price target on Shoe Carnival from $24.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.80.

Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

Shoe Carnival (NASDAQ:SCVL) traded down 0.34% during midday trading on Wednesday, hitting $26.06. The company had a trading volume of 204,283 shares. The company has a market cap of $490.50 million, a price-to-earnings ratio of 17.75 and a beta of 0.90. The firm has a 50-day moving average price of $27.03 and a 200-day moving average price of $26.23. Shoe Carnival has a 12 month low of $19.09 and a 12 month high of $31.79.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Monday, November 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.02. The company earned $274.50 million during the quarter. Shoe Carnival had a net margin of 2.86% and a return on equity of 8.45%. Shoe Carnival’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 earnings per share. Equities analysts anticipate that Shoe Carnival will post $1.61 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in Shoe Carnival during the third quarter worth about $280,000. Two Sigma Advisers LP purchased a new position in Shoe Carnival during the third quarter worth about $1,420,000. Acrospire Investment Management LLC increased its position in Shoe Carnival by 859.2% in the third quarter. Acrospire Investment Management LLC now owns 6,350 shares of the company’s stock worth $169,000 after buying an additional 5,688 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Shoe Carnival during the third quarter worth about $2,728,000. Finally, Spark Investment Management LLC purchased a new position in Shoe Carnival during the third quarter worth about $1,127,000. Hedge funds and other institutional investors own 66.55% of the company’s stock.

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. The Company’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic footwear for men, women and children.

5 Day Chart for NASDAQ:SCVL

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