Shoe Carnival (NASDAQ:SCVL - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Friday.
Separately, Williams Trading upped their price objective on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, August 29th.
Get Our Latest Report on Shoe Carnival
Shoe Carnival Stock Performance
SCVL traded up $0.05 during midday trading on Friday, reaching $33.90. 828,127 shares of the company were exchanged, compared to its average volume of 247,353. Shoe Carnival has a one year low of $22.75 and a one year high of $46.92. The stock's 50-day simple moving average is $38.92 and its 200 day simple moving average is $38.67. The stock has a market capitalization of $921.20 million, a P/E ratio of 12.02 and a beta of 1.56.
Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.03. The firm had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The company's revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. On average, research analysts anticipate that Shoe Carnival will post 2.54 earnings per share for the current year.
Hedge Funds Weigh In On Shoe Carnival
Large investors have recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in Shoe Carnival in the 2nd quarter worth approximately $41,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Shoe Carnival in the 3rd quarter valued at approximately $62,000. Quarry LP acquired a new stake in shares of Shoe Carnival during the 3rd quarter worth about $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Shoe Carnival in the 3rd quarter valued at approximately $76,000. Finally, FMR LLC lifted its position in shares of Shoe Carnival by 8.7% during the third quarter. FMR LLC now owns 4,266 shares of the company's stock worth $187,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company's stock.
Shoe Carnival Company Profile
(
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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