News coverage about Shoe Carnival (NASDAQ:SCVL) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shoe Carnival earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 89 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the immediate future.
SCVL has been the topic of several recent analyst reports. ValuEngine raised Shoe Carnival from a “hold” rating to a “buy” rating in a research note on Wednesday, May 24th. Sidoti upgraded Shoe Carnival from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, June 28th. TheStreet downgraded Shoe Carnival from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. Zacks Investment Research upgraded Shoe Carnival from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $21.00 price target (down previously from $26.00) on shares of Shoe Carnival in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Shoe Carnival currently has an average rating of “Hold” and a consensus target price of $24.00.
Shares of Shoe Carnival (NASDAQ:SCVL) traded down 2.44% on Friday, hitting $18.38. The stock had a trading volume of 68,189 shares. Shoe Carnival has a 12 month low of $17.56 and a 12 month high of $31.79. The stock has a 50 day moving average of $19.39 and a 200-day moving average of $23.04. The stock has a market cap of $317.18 million, a PE ratio of 15.63 and a beta of 0.98.
Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Wednesday, May 24th. The company reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Shoe Carnival had a net margin of 2.12% and a return on equity of 7.27%. The firm had revenue of $253.40 million during the quarter, compared to the consensus estimate of $251.74 million. During the same quarter last year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts anticipate that Shoe Carnival will post $1.41 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.63%. The ex-dividend date was Thursday, June 29th. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.07. Shoe Carnival’s dividend payout ratio (DPR) is 25.21%.
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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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