Shoe Carnival (SCVL) PT Raised to $47.00

Shoe Carnival (NASDAQ:SCVL) had its price target boosted by Pivotal Research from $46.00 to $47.00 in a research report report published on Tuesday. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Shoe Carnival from a hold rating to a buy rating and set a $40.00 target price for the company in a research report on Saturday, August 25th. BidaskClub raised shares of Shoe Carnival from a hold rating to a buy rating in a research report on Tuesday, August 21st. Finally, Wedbush decreased their target price on shares of Shoe Carnival from $47.00 to $45.00 and set an outperform rating for the company in a research report on Friday, November 16th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $38.60.

NASDAQ:SCVL opened at $35.28 on Tuesday. The stock has a market cap of $591.76 million, a PE ratio of 14.95 and a beta of 0.79. Shoe Carnival has a one year low of $21.01 and a one year high of $45.00.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, November 15th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.61 by $0.15. The company had revenue of $269.18 million during the quarter, compared to the consensus estimate of $265.40 million. Shoe Carnival had a net margin of 3.17% and a return on equity of 12.51%. On average, research analysts anticipate that Shoe Carnival will post 2.38 EPS for the current year.

In other Shoe Carnival news, Director Kent A. Kleeberger sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $36.77, for a total value of $55,155.00. Following the completion of the sale, the director now directly owns 14,960 shares of the company’s stock, valued at approximately $550,079.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kent A. Kleeberger sold 2,172 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $44.11, for a total transaction of $95,806.92. Following the completion of the sale, the director now directly owns 16,460 shares of the company’s stock, valued at $726,050.60. The disclosure for this sale can be found here. Insiders own 22.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in Shoe Carnival by 7.3% in the 2nd quarter. BlackRock Inc. now owns 1,648,258 shares of the company’s stock worth $53,485,000 after purchasing an additional 112,623 shares in the last quarter. LSV Asset Management grew its position in Shoe Carnival by 4.5% in the 2nd quarter. LSV Asset Management now owns 891,979 shares of the company’s stock worth $28,944,000 after purchasing an additional 38,784 shares in the last quarter. Vanguard Group Inc. grew its position in Shoe Carnival by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 692,302 shares of the company’s stock worth $26,653,000 after purchasing an additional 53,058 shares in the last quarter. Acadian Asset Management LLC grew its position in Shoe Carnival by 125.7% in the 3rd quarter. Acadian Asset Management LLC now owns 409,843 shares of the company’s stock worth $15,779,000 after purchasing an additional 228,244 shares in the last quarter. Finally, WINTON GROUP Ltd grew its position in Shoe Carnival by 44.8% in the 2nd quarter. WINTON GROUP Ltd now owns 264,733 shares of the company’s stock worth $8,591,000 after purchasing an additional 81,915 shares in the last quarter. 78.30% of the stock is owned by institutional investors and hedge funds.

About Shoe Carnival

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.

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Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

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