News stories about Shoe Carnival (NASDAQ:SCVL) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shoe Carnival earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.405208284894 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research analysts have recently weighed in on the company. Sidoti lowered Shoe Carnival from a “buy” rating to a “neutral” rating and set a $24.00 price objective for the company. in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded Shoe Carnival from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, October 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price target (down previously from $21.00) on shares of Shoe Carnival in a research report on Thursday, August 31st. UBS AG upgraded Shoe Carnival from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 20th. Finally, Susquehanna Bancshares Inc upgraded Shoe Carnival from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $19.00 to $23.00 in a research report on Wednesday, September 20th. One investment 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 company has an average rating of “Hold” and an average target price of $22.57.
Shares of Shoe Carnival (NASDAQ:SCVL) traded up $0.17 during midday trading on Monday, reaching $19.44. 244,400 shares of the company’s stock traded hands, compared to its average volume of 242,150. The company has a current ratio of 3.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $330.86, a P/E ratio of 14.62, a P/E/G ratio of 1.12 and a beta of 0.90. Shoe Carnival has a twelve month low of $15.07 and a twelve month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Wednesday, August 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Shoe Carnival had a net margin of 2.09% and a return on equity of 7.37%. The business had revenue of $235.10 million during the quarter, compared to the consensus estimate of $232.26 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts predict that Shoe Carnival will post 1.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, September 29th. Shoe Carnival’s dividend payout ratio is presently 24.79%.
In related news, Director Charles B. Tomm purchased 11,190 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was purchased at an average price of $22.69 per share, with a total value of $253,901.10. Following the completion of the purchase, the director now owns 16,948 shares of the company’s stock, valued at approximately $384,550.12. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 32.60% of the company’s stock.
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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.
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