Shoe Carnival, Inc. (NASDAQ:SCVL) - Research analysts at Wedbush issued their Q2 2018 earnings per share estimates for shares of Shoe Carnival in a research report issued to clients and investors on Monday. Wedbush analyst C. Svezia expects that the company will post earnings per share of $0.21 for the quarter. Wedbush has a “Outperform” rating and a $21.00 price objective on the stock. Wedbush also issued estimates for Shoe Carnival’s Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $1.40 EPS and FY2019 earnings at $1.57 EPS.
Other analysts also recently issued reports about the company. ValuEngine upgraded Shoe Carnival from a “hold” rating to a “buy” rating in a research report on Wednesday, May 24th. Sidoti upgraded Shoe Carnival from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, June 28th. TheStreet downgraded Shoe Carnival from a “b-” rating to a “c+” rating in a research report on Tuesday, May 23rd. Zacks Investment Research upgraded Shoe Carnival from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $21.00 target price (down from $26.00) on shares of Shoe Carnival in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $23.57.
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Shares of Shoe Carnival (NASDAQ:SCVL) traded up 1.17% on Wednesday, reaching $17.34. 71,019 shares of the company’s stock were exchanged. The company’s 50 day moving average is $18.59 and its 200-day moving average is $22.32. Shoe Carnival has a one year low of $16.61 and a one year high of $31.79. The stock has a market cap of $299.24 million, a price-to-earnings ratio of 14.74 and a beta of 0.95.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Wednesday, May 24th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. The business had revenue of $253.40 million for the quarter, compared to the consensus estimate of $251.74 million. Shoe Carnival had a net margin of 3.25% and a return on equity of 10.42%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS.
Several institutional investors have recently made changes to their positions in SCVL. Russell Investments Group Ltd. raised its position in shares of Shoe Carnival by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 53,541 shares of the company’s stock valued at $1,315,000 after buying an additional 1,152 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Shoe Carnival by 5.6% in the first quarter. Parametric Portfolio Associates LLC now owns 65,717 shares of the company’s stock valued at $1,615,000 after buying an additional 3,463 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of Shoe Carnival by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 13,544 shares of the company’s stock valued at $333,000 after buying an additional 2,044 shares in the last quarter. Swiss National Bank raised its position in shares of Shoe Carnival by 9.5% in the first quarter. Swiss National Bank now owns 24,300 shares of the company’s stock valued at $597,000 after buying an additional 2,100 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Shoe Carnival by 6.9% in the first quarter. Great West Life Assurance Co. Can now owns 18,693 shares of the company’s stock valued at $459,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 62.24% of the company’s stock.
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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