Shoe Carnival (NASDAQ:SCVL) posted its quarterly earnings results on Wednesday. The company reported ($1.16) EPS for the quarter, missing the consensus estimate of ($0.97) by ($0.19), MarketWatch Earnings reports. The business had revenue of $147.50 million for the quarter, compared to analysts’ expectations of $140.42 million. Shoe Carnival had a return on equity of 4.35% and a net margin of 1.38%. The company’s revenue was down 41.9% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share.
NASDAQ:SCVL opened at $25.45 on Friday. The stock has a market cap of $358.12 million, a P/E ratio of 31.04 and a beta of 1.24. The firm’s fifty day simple moving average is $21.13 and its 200 day simple moving average is $30.54. Shoe Carnival has a twelve month low of $12.56 and a twelve month high of $40.00. The company has a quick ratio of 0.57, a current ratio of 2.23 and a debt-to-equity ratio of 0.66.
Several research analysts recently commented on SCVL shares. ValuEngine raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Susquehanna Bancshares lifted their target price on shares of Shoe Carnival from $23.00 to $31.00 in a research note on Thursday. Pivotal Research lifted their target price on shares of Shoe Carnival from $24.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday. Sidoti decreased their target price on shares of Shoe Carnival from $48.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Finally, Wedbush lifted their target price on shares of Shoe Carnival from $25.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $34.40.
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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