Shoe Carnival, Inc. (NASDAQ:SCVL) saw unusually-strong trading volume on Friday . Approximately 2,410,951 shares were traded during trading, an increase of 1,161% from the previous session’s volume of 191,135 shares.The stock last traded at $26.75 and had previously closed at $20.63.

A number of brokerages have commented on SCVL. Zacks Investment Research downgraded shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. BidaskClub downgraded shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Wedbush began coverage on shares of Shoe Carnival in a research report on Monday, August 14th. They issued an “outperform” rating and a $21.00 price objective on the stock. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $18.00 price objective on shares of Shoe Carnival in a research report on Monday, August 28th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price objective (down from $21.00) on shares of Shoe Carnival in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Shoe Carnival has an average rating of “Hold” and a consensus price target of $23.86.

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.25 and a current ratio of 3.38. The company has a market cap of $334.95, a price-to-earnings ratio of 14.80, a PEG ratio of 1.13 and a beta of 0.90.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Wednesday, August 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. Shoe Carnival had a net margin of 2.09% and a return on equity of 7.37%. The business had revenue of $235.10 million during the quarter, compared to analysts’ expectations of $232.26 million. During the same quarter in the prior year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts predict that Shoe Carnival, Inc. will post 1.45 earnings per share for the current year.

In other Shoe Carnival news, Director Charles B. Tomm purchased 11,190 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average price of $22.69 per share, for a total transaction of $253,901.10. Following the purchase, the director now directly owns 16,948 shares in the company, valued at $384,550.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.50% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of SCVL. California Public Employees Retirement System lifted its stake in shares of Shoe Carnival by 24.5% in the 3rd quarter. California Public Employees Retirement System now owns 61,990 shares of the company’s stock worth $1,387,000 after acquiring an additional 12,190 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Shoe Carnival in the 3rd quarter worth $224,000. Highbridge Capital Management LLC acquired a new stake in shares of Shoe Carnival in the 3rd quarter worth $581,000. OxFORD Asset Management LLP lifted its stake in shares of Shoe Carnival by 100.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 51,784 shares of the company’s stock worth $1,152,000 after acquiring an additional 25,952 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Shoe Carnival in the 3rd quarter worth $1,338,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

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Shoe Carnival Company Profile

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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