Jefferies Group LLC restated their hold rating on shares of Shoe Carnival, Inc. (NASDAQ:SCVL) in a report released on Thursday morning. Jefferies Group LLC currently has a $20.00 target price on the stock, down from their previous target price of $21.00.

Several other equities research analysts also recently commented on the stock. Susquehanna Bancshares Inc lifted their target price on shares of Shoe Carnival from $18.00 to $19.00 and gave the stock a neutral rating in a research report on Thursday. Wedbush started coverage on shares of Shoe Carnival in a research report on Monday, August 14th. They set an outperform rating and a $21.00 target price on the stock. BidaskClub downgraded shares of Shoe Carnival from a sell rating to a strong sell rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Shoe Carnival from a sell rating to a hold rating in a research report on Wednesday, July 26th. Finally, Sidoti upgraded shares of Shoe Carnival from a neutral rating to a buy rating and set a $24.00 price target on the stock in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Shoe Carnival currently has a consensus rating of Hold and an average price target of $22.71.

Shares of Shoe Carnival (SCVL) traded down 5.9199% during midday trading on Thursday, hitting $18.9101. 352,122 shares of the company’s stock were exchanged. Shoe Carnival has a 52 week low of $15.42 and a 52 week high of $31.79. The firm has a market cap of $326.33 million, a price-to-earnings ratio of 16.0800 and a beta of 0.95. The company has a 50-day moving average of $17.62 and a 200-day moving average of $21.61.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Wednesday, August 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Shoe Carnival had a net margin of 2.09% and a return on equity of 7.27%. The business had revenue of $235.10 million for the quarter, compared to the consensus estimate of $232.26 million. During the same period last year, the company earned $0.22 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts expect that Shoe Carnival will post $1.42 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP increased 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 period. Vanguard Group Inc. increased 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 period. Northern Trust Corp increased 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 period. LSV Asset Management increased 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 period. Finally, Geode Capital Management LLC increased 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 period. Hedge funds and other institutional investors 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.

Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

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