Shares of Shoe Carnival, Inc. (NASDAQ:SCVL – Get Rating ) has been assigned a consensus rating of “Moderate Buy” from the four ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.00.
SCVL has been the subject of a number of recent research reports. StockNews.com lowered Shoe Carnival from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Monness Crespi & Hardt decreased their price objective on Shoe Carnival to $40.00 and set a “sector weight” rating on the stock in a research report on Thursday, May 19th.
Shoe carnival trade up 2.1%
Carnival Shoes stock opened at $22.98 on Monday. Shoe Carnival has a 12-month low of $20.03 and a 12-month high of $46.21. The stock’s 50-day simple moving average is $23.72, and the two-hundred-day simple moving average is $28.30. The firm has a market cap of $633.95 million, a PE ratio of 4.74 and a beta of 1.41.
Ad Weekly Investor Alerts
Will these 5 stocks explode?
Looking for future Microcap stocks with disruptive potential? These companies will be releasing their quarterly earnings very soon… And we’ve found 5 microcap stocks that could see an increase in share price.
Shoe Carnival (NASDAQ:SCVL – Get Rating ) last announced its earnings results on Wednesday, May 18th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Shoe Carnival had a return on equity of 32.77% and a net margin of 10.50%. The firm had revenue of $317.53 million for the quarter, compared to analyst estimates of $329.60 million. During the same quarter last year, the firm posted $1.51 EPS. On average, equities research analysts predict that Shoe Carnival will post 3.95 EPS for the current year.
Shoe Carnival Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 25th. Shareholders of record on Monday, July 11th were given a $0.09 dividend. This represents an annual dividend of $0.36 and a dividend yield of 1.57%. The ex-dividend date was Friday, July 8th. Shoe Carnival’s payout ratio is 7.42%.
Institutional inflows and outflows
Large investors have recently bought and sold shares of the company. Potomac Capital Management Inc. grew its position in shoe carnival by 2.9% in the second quarter. Potomac Capital Management Inc. now owns 39,400 shares of the company’s stock valued at $851,000 after buying an additional 1,100 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Shoe Carnival by 2,011.6% during the second quarter. First Horizon Advisors Inc. now owns 3,273 shares of the company’s stock valued at $70,000 after purchasing an additional 3,118 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Shoe Carnival by 21.1% during the second quarter. Victory Capital Management Inc. now owns 30,104 shares of the company’s stock worth $651,000 after buying an additional 5,240 shares in the last quarter. Hodges Capital Management Inc. raised its stake in shares of Shoe Carnival by 7.0% during the second quarter. Hodges Capital Management Inc. now owns 291,794 shares of the company’s stock worth $6,305,000 after purchasing an additional 19,142 shares in the last quarter. Finally, Versor Investments LP raised its stake in shares of Shoe Carnival by 40.3% during the second quarter. Versor Investments LP now owns 23,281 shares of the company’s stock valued at $503,000 after buying an additional 6,691 shares in the last quarter. Institutional investors own 64.18% of the company’s shares.
About shoe carnivals
(Get rating)
Shoe Carnival, Inc., together with its subsidiaries, operates as a family-owned shoe retailer in the United States. The company offers ranges of clothing, casual, work and athletic footwear, as well as sandals and boots for men, women and children; and different accessories. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Carnival Shoe banner; and 21 locations throughout the Southeast under the Shoe Station banner.
Featured stories
This instant news alert was created from scientific narrative technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider the shoe carnival, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top rated research analysts and the stocks they recommend to their clients every day. MarketBeat has identified five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Shoe Carnival wasn’t on the list.
While Shoe Carnival currently has a “Moderate Buy” rating among analysts, top analysts believe these five stocks are better buys.
View Five Shares Here
