ValuEngine lowered shares of Shoe Carnival (NASDAQ:SCVL) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Several other research firms also recently commented on SCVL. Pivotal Research downgraded shares of Shoe Carnival from a buy rating to a hold rating and increased their target price for the stock from $43.00 to $45.00 in a research report on Tuesday, September 4th. Zacks Investment Research downgraded Shoe Carnival from a strong-buy rating to a hold rating in a research report on Wednesday, October 31st. BidaskClub downgraded Shoe Carnival from a strong-buy rating to a buy rating in a research report on Friday, September 28th. Finally, Wedbush cut their price target on shares of Shoe Carnival from $47.00 to $45.00 and set an outperform rating for the company in a research note on Friday, November 16th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $38.60.

Shares of SCVL traded down $0.19 during mid-day trading on Thursday, reaching $36.08. The company’s stock had a trading volume of 13,887 shares, compared to its average volume of 462,986. The firm has a market capitalization of $587.25 million, a P/E ratio of 24.21 and a beta of 0.73. Shoe Carnival has a 1 year low of $21.01 and a 1 year high of $45.00.

Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Thursday, November 15th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.15. The company had revenue of $269.18 million during the quarter, compared to analyst estimates of $265.40 million. Shoe Carnival had a return on equity of 12.51% and a net margin of 3.17%. On average, equities analysts expect that Shoe Carnival will post 2.38 earnings per share for the current year.

In other Shoe Carnival news, Director Kent A. Kleeberger sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $36.77, for a total transaction of $55,155.00. Following the completion of the transaction, the director now owns 14,960 shares in the company, valued at $550,079.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 22.70% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Shoe Carnival in the second quarter valued at approximately $125,000. Itau Unibanco Holding S.A. bought a new position in shares of Shoe Carnival in the second quarter valued at approximately $141,000. Pacer Advisors Inc. bought a new position in shares of Shoe Carnival in the third quarter valued at approximately $157,000. Bank of Montreal Can raised its stake in shares of Shoe Carnival by 9,179.7% in the second quarter. Bank of Montreal Can now owns 5,939 shares of the company’s stock valued at $192,000 after acquiring an additional 5,875 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Shoe Carnival by 311.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 5,754 shares of the company’s stock valued at $222,000 after acquiring an additional 4,356 shares during the last quarter. Institutional investors own 81.61% 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 various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.

Further Reading: Buyback

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

Receive News & Ratings for Shoe Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shoe Carnival and related companies with MarketBeat.com's FREE daily email newsletter.