Shoe Carnival’s (SCVL) Hold Rating Reaffirmed at Susquehanna Bancshares Inc
Several other analysts also recently weighed in on SCVL. B. Riley reaffirmed a neutral rating and set a $26.00 target price on shares of Shoe Carnival in a research note on Wednesday, May 3rd. Wedbush assumed coverage on Shoe Carnival in a research report on Monday, August 14th. They set an outperform rating and a $21.00 price target on the stock. BidaskClub cut Shoe Carnival from a sell rating to a strong sell rating in a research report on Thursday, August 10th. TheStreet cut Shoe Carnival from a b- rating to a c+ rating in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC reiterated a hold rating and set a $21.00 price target (down from $26.00) on shares of Shoe Carnival in a research report on Thursday, May 25th. One investment 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 company currently has an average rating of Hold and an average target price of $22.71.
Shares of Shoe Carnival (SCVL) traded down 4.37% during trading on Monday, reaching $15.54. 151,164 shares of the company traded hands. The company has a market capitalization of $268.17 million, a price-to-earnings ratio of 13.21 and a beta of 0.95. The stock’s 50 day moving average is $17.82 and its 200 day moving average is $21.88. Shoe Carnival has a 1-year low of $15.07 and a 1-year high of $31.79.
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Several institutional investors have recently modified their holdings of the company. Royce & Associates LP boosted its position in shares of Shoe Carnival by 2.6% in the first quarter. Royce & Associates LP now owns 2,032,719 shares of the company’s stock worth $49,944,000 after buying an additional 50,800 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Shoe Carnival by 4.2% in the first quarter. Vanguard Group Inc. now owns 687,504 shares of the company’s stock worth $16,893,000 after buying an additional 27,447 shares during the last quarter. Northern Trust Corp boosted its position in shares of Shoe Carnival by 17.8% in the second quarter. Northern Trust Corp now owns 673,302 shares of the company’s stock worth $14,059,000 after buying an additional 101,530 shares during the last quarter. LSV Asset Management boosted its position in shares of Shoe Carnival by 1.8% in the first quarter. LSV Asset Management now owns 238,486 shares of the company’s stock worth $5,859,000 after buying an additional 4,300 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Shoe Carnival by 7.5% in the first quarter. Geode Capital Management LLC now owns 225,430 shares of the company’s stock worth $5,537,000 after buying an additional 15,799 shares during the last quarter. Institutional investors and hedge funds own 61.90% of the company’s stock.
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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