Somewhat Critical Media Coverage Likely to Impact Shoe Carnival (SCVL) Share Price
Media stories about Shoe Carnival (NASDAQ:SCVL) have been trending somewhat negative on Tuesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shoe Carnival earned a daily sentiment score of -0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 77 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the near future.
A number of equities analysts have weighed in on the company. BidaskClub downgraded Shoe Carnival from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Sidoti raised Shoe Carnival from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, June 28th. Zacks Investment Research raised Shoe Carnival from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. TheStreet downgraded Shoe Carnival from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. Finally, B. Riley reissued a “neutral” rating and issued a $26.00 price objective on shares of Shoe Carnival in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.00.
Shoe Carnival (NASDAQ:SCVL) traded up 0.45% during midday trading on Tuesday, reaching $17.80. The company had a trading volume of 89,457 shares. The stock’s 50 day moving average is $19.07 and its 200 day moving average is $22.81. Shoe Carnival has a 12-month low of $17.56 and a 12-month high of $31.79. The firm has a market capitalization of $307.17 million, a price-to-earnings ratio of 15.14 and a beta of 0.95.
Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Wednesday, May 24th. The company reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Shoe Carnival had a return on equity of 7.27% and a net margin of 2.12%. The business had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $251.74 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. Equities research analysts expect that Shoe Carnival will post $1.41 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were given a $0.075 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.30 annualized dividend and a yield of 1.69%. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.07. Shoe Carnival’s payout ratio is currently 25.21%.
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. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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