Other analysts also recently issued reports about the stock. ValuEngine downgraded shares of Shoe Carnival from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Wedbush restated an outperform rating and set a $47.00 price target on shares of Shoe Carnival in a research report on Thursday, May 23rd. Pivotal Research restated a buy rating and set a $38.00 price target (down from $42.00) on shares of Shoe Carnival in a research report on Monday, May 20th. Finally, Zacks Investment Research downgraded shares of Shoe Carnival from a buy rating to a hold rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $35.75.
Shares of NASDAQ:SCVL opened at $23.85 on Wednesday. The company has a market cap of $377.40 million, a PE ratio of 10.75 and a beta of 1.00. The company’s 50-day moving average price is $25.65 and its 200 day moving average price is $30.78. Shoe Carnival has a fifty-two week low of $21.47 and a fifty-two week high of $45.00. The company has a quick ratio of 0.28, a current ratio of 2.66 and a debt-to-equity ratio of 0.69.
Hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC bought a new stake in shares of Shoe Carnival during the 1st quarter worth about $225,000. Virtu Financial LLC acquired a new position in shares of Shoe Carnival in the 1st quarter worth approximately $231,000. BNP Paribas Arbitrage SA grew its stake in shares of Shoe Carnival by 39.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,403 shares of the company’s stock worth $252,000 after purchasing an additional 2,098 shares during the last quarter. United Services Automobile Association grew its stake in shares of Shoe Carnival by 10.1% in the 2nd quarter. United Services Automobile Association now owns 7,539 shares of the company’s stock worth $208,000 after purchasing an additional 689 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in shares of Shoe Carnival in the 1st quarter worth approximately $272,000. Institutional investors own 98.20% of the company’s stock.
Shoe Carnival Company Profile
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, scarves, and wallets.
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