BidaskClub downgraded shares of Shoe Carnival (NASDAQ:SCVL) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Several other research firms have also recently commented on SCVL. TheStreet upgraded Shoe Carnival from a c rating to a b- rating in a research report on Friday, November 17th. Pivotal Research began coverage on Shoe Carnival in a research report on Tuesday, November 21st. They issued a hold rating and a $28.00 target price on the stock. Jefferies Group set a $22.00 target price on Shoe Carnival and gave the company a hold rating in a research report on Saturday, November 18th. Sidoti cut Shoe Carnival from a buy rating to a neutral rating and set a $24.00 target price on the stock. in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded Shoe Carnival from a hold rating to a buy rating and set a $25.00 target price on the stock in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Shoe Carnival currently has a consensus rating of Hold and an average price target of $24.63.

Shoe Carnival (NASDAQ:SCVL) traded up $0.11 on Wednesday, reaching $24.93. The company had a trading volume of 325,600 shares, compared to its average volume of 202,624. Shoe Carnival has a 12-month low of $15.07 and a 12-month high of $30.75. The company has a current ratio of 4.16, a quick ratio of 0.43 and a debt-to-equity ratio of 0.09. The firm has a market cap of $420.74, a PE ratio of 17.12, a P/E/G ratio of 1.40 and a beta of 1.06.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, November 16th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.58 by $0.08. Shoe Carnival had a return on equity of 7.81% and a net margin of 2.17%. The firm had revenue of $287.47 million for the quarter, compared to analysts’ expectations of $286.90 million. equities analysts predict that Shoe Carnival will post 1.48 EPS for the current fiscal year.

In other news, Director Charles B. Tomm purchased 11,190 shares of the firm’s stock in a transaction 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 purchase, the director now owns 16,948 shares in the company, valued at approximately $384,550.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 28.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of SCVL. California Public Employees Retirement System boosted its stake in shares of Shoe Carnival by 5.6% during the 1st quarter. California Public Employees Retirement System now owns 46,800 shares of the company’s stock worth $1,150,000 after acquiring an additional 2,500 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Shoe Carnival by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 687,504 shares of the company’s stock worth $16,893,000 after acquiring an additional 27,447 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Shoe Carnival by 7.5% during the 1st quarter. Geode Capital Management LLC now owns 225,430 shares of the company’s stock worth $5,537,000 after acquiring an additional 15,799 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Shoe Carnival by 7.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 93,867 shares of the company’s stock worth $2,307,000 after acquiring an additional 6,488 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Shoe Carnival by 177.7% during the 1st quarter. Bank of America Corp DE now owns 20,916 shares of the company’s stock worth $514,000 after acquiring an additional 13,384 shares in the last quarter. 65.82% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

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