Shoe Carnival (NASDAQ:SCVL) PT Lowered to $27.00

Shoe Carnival (NASDAQ:SCVL) had its target price decreased by stock analysts at Monness Crespi & Hardt from $36.00 to $27.00 in a research note issued on Friday, Briefing.com reports. The firm presently has a “buy” rating on the stock. Monness Crespi & Hardt’s target price points to a potential upside of 22.23% from the stock’s current price.

Separately, StockNews.com assumed coverage on shares of Shoe Carnival in a research report on Thursday, October 5th. They issued a “hold” rating for the company.

Shoe Carnival Price Performance

Shares of NASDAQ SCVL opened at $22.09 on Friday. The business has a fifty day moving average price of $23.29 and a two-hundred day moving average price of $23.19. The stock has a market capitalization of $604.38 million, a PE ratio of 6.73 and a beta of 1.47. Shoe Carnival has a fifty-two week low of $19.24 and a fifty-two week high of $29.47.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.17). The company had revenue of $319.90 million during the quarter, compared to the consensus estimate of $321.03 million. Shoe Carnival had a return on equity of 16.99% and a net margin of 7.47%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.18 EPS. On average, equities analysts expect that Shoe Carnival will post 3.08 EPS for the current year.

Hedge Funds Weigh In On Shoe Carnival

Institutional investors have recently modified their holdings of the business. New South Capital Management Inc. grew its position in Shoe Carnival by 191.2% in the second quarter. New South Capital Management Inc. now owns 600,747 shares of the company’s stock valued at $14,106,000 after acquiring an additional 394,453 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Shoe Carnival by 364.2% in the 3rd quarter. Citadel Advisors LLC now owns 461,581 shares of the company’s stock valued at $9,896,000 after purchasing an additional 362,138 shares in the last quarter. Wasatch Advisors LP bought a new stake in shares of Shoe Carnival during the 1st quarter valued at approximately $7,677,000. Copeland Capital Management LLC increased its position in Shoe Carnival by 19.3% during the 3rd quarter. Copeland Capital Management LLC now owns 1,494,501 shares of the company’s stock worth $35,913,000 after purchasing an additional 242,035 shares in the last quarter. Finally, First Dallas Securities Inc. bought a new position in Shoe Carnival in the 3rd quarter valued at approximately $5,816,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also sells its products through online shopping at shoecarnival.com, as well as through mobile application.