Other equities research analysts also recently issued reports about the company. Wedbush restated an outperform rating and set a $25.00 price objective (down from $27.00) on shares of Shoe Carnival in a report on Friday. Pivotal Research assumed coverage on Shoe Carnival in a report on Tuesday. They issued a hold rating and a $28.00 price target for the company. Zacks Investment Research downgraded Shoe Carnival from a buy rating to a hold rating in a report on Saturday, September 30th. Susquehanna Bancshares Inc upgraded Shoe Carnival from a neutral rating to a positive rating and boosted their price target for the company from $19.00 to $23.00 in a report on Wednesday, September 20th. Finally, BidaskClub downgraded Shoe Carnival from a sell rating to a strong sell rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $24.63.
Shoe Carnival (SCVL) traded up $1.55 during midday trading on Friday, hitting $28.30. The stock had a trading volume of 846,000 shares, compared to its average volume of 194,061. The firm has a market cap of $481.66, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.51 and a beta of 0.90. The company has a quick ratio of 0.43, a current ratio of 4.16 and a debt-to-equity ratio of 0.09. Shoe Carnival has a fifty-two week low of $15.07 and a fifty-two week high of $31.79.
In other Shoe Carnival news, Director Charles B. Tomm purchased 11,190 shares of Shoe Carnival stock in a transaction on Friday, September 29th. The stock was bought at an average price of $22.69 per share, for a total transaction of $253,901.10. Following the transaction, the director now owns 16,948 shares of the company’s stock, valued at approximately $384,550.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 32.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new stake in shares of Shoe Carnival in the second quarter valued at $2,052,000. Russell Investments Group Ltd. raised its position in Shoe Carnival by 67.4% during the second quarter. Russell Investments Group Ltd. now owns 89,641 shares of the company’s stock valued at $1,872,000 after buying an additional 36,100 shares during the period. Ameriprise Financial Inc. raised its position in Shoe Carnival by 19.3% during the second quarter. Ameriprise Financial Inc. now owns 83,309 shares of the company’s stock valued at $1,741,000 after buying an additional 13,459 shares during the period. Prudential Financial Inc. raised its position in Shoe Carnival by 35.7% during the second quarter. Prudential Financial Inc. now owns 153,749 shares of the company’s stock valued at $3,210,000 after buying an additional 40,480 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Shoe Carnival by 33.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 124,803 shares of the company’s stock valued at $2,606,000 after buying an additional 30,936 shares during the period. Institutional investors and hedge funds own 62.72% of the company’s stock.
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.
Receive News & Ratings for Shoe Carnival Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shoe Carnival Inc. and related companies with MarketBeat.com's FREE daily email newsletter.