Q3 2017 EPS Estimates for Shoe Carnival Inc. (SCVL) Cut by Northcoast Research
Shoe Carnival Inc. (NASDAQ:SCVL) – Equities researchers at Northcoast Research reduced their Q3 2017 EPS estimates for Shoe Carnival in a research report issued on Thursday. Northcoast Research analyst J. Stein now expects that the firm will post earnings of $0.51 per share for the quarter, down from their prior forecast of $0.54. Northcoast Research also issued estimates for Shoe Carnival’s FY2017 earnings at $1.55 EPS, Q3 2018 earnings at $0.56 EPS and FY2018 earnings at $1.75 EPS.
A number of other research firms also recently issued reports on SCVL. Jefferies Group lifted their price objective on shares of Shoe Carnival from $24.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, September 1st. Zacks Investment Research raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Susquehanna began coverage on shares of Shoe Carnival in a report on Thursday, September 15th. They issued a “neutral” rating and a $27.00 price target on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.
Shares of Shoe Carnival (NASDAQ:SCVL) traded down 0.49% during midday trading on Friday, reaching $26.56. 56,692 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $27.45 and a 200 day moving average price of $25.96. The company has a market cap of $499.91 million, a P/E ratio of 18.09 and a beta of 0.97. Shoe Carnival has a 12 month low of $17.36 and a 12 month high of $30.13.
Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Wednesday, August 31st. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $231.90 million for the quarter, compared to analyst estimates of $237.22 million. Shoe Carnival had a return on equity of 8.33% and a net margin of 2.84%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share.
A number of large investors have recently made changes to their positions in SCVL. LSV Asset Management boosted its stake in shares of Shoe Carnival by 62.8% in the second quarter. LSV Asset Management now owns 229,298 shares of the company’s stock worth $5,746,000 after buying an additional 88,486 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Shoe Carnival by 55.8% in the first quarter. Panagora Asset Management Inc. now owns 182,583 shares of the company’s stock worth $4,922,000 after buying an additional 65,372 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Shoe Carnival during the second quarter worth about $978,000. Bridgeway Capital Management Inc. boosted its stake in shares of Shoe Carnival by 37.6% in the second quarter. Bridgeway Capital Management Inc. now owns 121,100 shares of the company’s stock worth $3,035,000 after buying an additional 33,100 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Shoe Carnival by 5.1% in the second quarter. Victory Capital Management Inc. now owns 647,978 shares of the company’s stock worth $16,239,000 after buying an additional 31,348 shares in the last quarter. Institutional investors and hedge funds own 64.95% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, September 29th. Shoe Carnival’s dividend payout ratio is currently 19.18%.
About Shoe Carnival
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. The Company’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic footwear for men, women and children.
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