Shoe Carnival (NASDAQ:SCVL - Get Free Report) had its price target raised by equities researchers at Williams Trading from $42.00 to $51.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Williams Trading's target price indicates a potential upside of 22.86% from the stock's current price.
Shoe Carnival Stock Performance
NASDAQ SCVL traded up $1.04 during trading on Thursday, reaching $41.51. The company's stock had a trading volume of 358,880 shares, compared to its average volume of 204,491. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 15.32 and a beta of 1.49. Shoe Carnival has a twelve month low of $20.75 and a twelve month high of $44.48. The business's fifty day moving average price is $39.78 and its 200-day moving average price is $36.14.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SCVL. Creative Planning purchased a new stake in shares of Shoe Carnival in the second quarter valued at about $281,000. Millennium Management LLC boosted its holdings in shares of Shoe Carnival by 726.1% in the second quarter. Millennium Management LLC now owns 101,831 shares of the company's stock valued at $3,757,000 after acquiring an additional 89,504 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in shares of Shoe Carnival by 98.9% in the second quarter. Maverick Capital Ltd. now owns 56,790 shares of the company's stock valued at $2,095,000 after acquiring an additional 28,233 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Shoe Carnival by 5.2% in the second quarter. Public Sector Pension Investment Board now owns 39,420 shares of the company's stock valued at $1,454,000 after acquiring an additional 1,946 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Shoe Carnival by 1.1% in the second quarter. Sei Investments Co. now owns 52,816 shares of the company's stock valued at $1,948,000 after acquiring an additional 595 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.
About Shoe Carnival
(
Get Free Report)
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.
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