Shoe Carnival, Inc. (NASDAQ:SCVL) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,890,035 shares, a growth of 36.5% from the October 13th total of 1,384,707 shares. Based on an average daily volume of 239,242 shares, the days-to-cover ratio is presently 7.9 days. Approximately 16.7% of the company’s stock are sold short.

Shoe Carnival (NASDAQ SCVL) opened at $26.75 on Friday. The stock has a market capitalization of $334.95, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.38 and a quick ratio of 0.25. Shoe Carnival has a 52-week low of $15.07 and a 52-week high of $31.79.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, November 16th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.08. The firm had revenue of $287.47 million during the quarter, compared to analysts’ expectations of $286.90 million. Shoe Carnival had a return on equity of 7.37% and a net margin of 2.09%. equities analysts expect that Shoe Carnival will post 1.45 EPS for the current fiscal year.

In other Shoe Carnival news, Director Charles B. Tomm purchased 11,190 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average cost of $22.69 per share, with a total value of $253,901.10. Following the completion of the acquisition, the director now directly owns 16,948 shares of the company’s stock, valued at approximately $384,550.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 28.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its holdings in Shoe Carnival by 2.5% in the second quarter. Legal & General Group Plc now owns 22,564 shares of the company’s stock valued at $471,000 after purchasing an additional 557 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Shoe Carnival by 13.6% in the second quarter. Alliancebernstein L.P. now owns 10,850 shares of the company’s stock valued at $227,000 after purchasing an additional 1,300 shares during the last quarter. Citigroup Inc. grew its holdings in Shoe Carnival by 12.5% in the second quarter. Citigroup Inc. now owns 17,658 shares of the company’s stock valued at $368,000 after purchasing an additional 1,961 shares during the last quarter. Strs Ohio grew its holdings in Shoe Carnival by 7.5% in the second quarter. Strs Ohio now owns 28,600 shares of the company’s stock valued at $597,000 after purchasing an additional 2,000 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Shoe Carnival by 2.9% in the first quarter. AQR Capital Management LLC now owns 74,918 shares of the company’s stock valued at $1,841,000 after purchasing an additional 2,085 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on SCVL. Susquehanna Bancshares Inc reissued a “buy” rating and issued a $28.00 price objective on shares of Shoe Carnival in a report on Friday. Wedbush began coverage on Shoe Carnival in a report on Monday, August 14th. They issued an “outperform” rating and a $21.00 price objective for the company. BidaskClub downgraded Shoe Carnival from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded Shoe Carnival from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Finally, UBS AG raised Shoe Carnival from a “neutral” rating to a “positive” rating in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $23.86.

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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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