Shoe Carnival (SCVL) Receiving Somewhat Favorable Media Coverage, Analysis Finds
News articles about Shoe Carnival (NASDAQ:SCVL) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shoe Carnival earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.1430388422493 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Shoe Carnival (SCVL) traded up 4.58% during midday trading on Friday, hitting $17.13. 133,795 shares of the stock traded hands. The company has a market capitalization of $295.61 million, a PE ratio of 14.57 and a beta of 0.95. Shoe Carnival has a 12-month low of $15.42 and a 12-month high of $31.79. The firm’s 50 day moving average price is $17.89 and its 200 day moving average price is $21.94.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Wednesday, May 24th. The company reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. The business had revenue of $253.40 million for the quarter, compared to analyst estimates of $251.74 million. Shoe Carnival had a return on equity of 7.27% and a net margin of 2.12%. Shoe Carnival’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share. Analysts expect that Shoe Carnival will post $1.41 EPS for the current year.
Several equities research analysts have recently issued reports on the stock. B. Riley restated a “neutral” rating and issued a $21.00 price objective on shares of Shoe Carnival in a research note on Saturday, May 27th. Jefferies Group LLC restated a “hold” rating and issued a $21.00 price objective (down previously from $26.00) on shares of Shoe Carnival in a research note on Thursday, May 25th. Wedbush assumed coverage on shares of Shoe Carnival in a research note on Monday, August 14th. They issued an “outperform” rating and a $21.00 price objective on the stock. Zacks Investment Research upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, BidaskClub downgraded shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.57.
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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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