Pivotal Research reissued their buy rating on shares of Shoe Carnival (NASDAQ:SCVL) in a research note issued to investors on Monday, Stock Target Advisor reports. They currently have a $42.00 price target on the stock.

Other equities analysts also recently issued reports about the company. Susquehanna Bancshares set a $37.00 price objective on Shoe Carnival and gave the company a buy rating in a research report on Tuesday, October 8th. Wedbush boosted their target price on Shoe Carnival from $32.00 to $42.00 and gave the stock an outperform rating in a research report on Wednesday, November 13th. ValuEngine upgraded Shoe Carnival from a hold rating to a buy rating in a research report on Monday, November 11th. Zacks Investment Research upgraded Shoe Carnival from a hold rating to a buy rating and set a $41.00 target price on the stock in a research report on Friday. Finally, BidaskClub upgraded Shoe Carnival from a hold rating to a buy rating in a research report on Saturday, October 19th. Eight investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target of $40.50.

NASDAQ SCVL traded down $0.51 on Monday, hitting $36.16. 9,309 shares of the company traded hands, compared to its average volume of 123,872. The business’s 50 day moving average price is $33.95 and its 200-day moving average price is $29.69. Shoe Carnival has a 52-week low of $21.47 and a 52-week high of $41.84. The company has a market capitalization of $537.28 million, a price-to-earnings ratio of 14.76 and a beta of 0.79. The company has a current ratio of 2.21, a quick ratio of 0.29 and a debt-to-equity ratio of 0.66.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. Shoe Carnival had a return on equity of 12.32% and a net margin of 3.81%. The business had revenue of $268.22 million for the quarter, compared to the consensus estimate of $268.62 million. During the same period in the previous year, the business earned $0.76 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts predict that Shoe Carnival will post 2.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were paid a dividend of $0.085 per share. The ex-dividend date was Friday, October 4th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.94%. Shoe Carnival’s dividend payout ratio is 13.88%.

In other news, Director Charles B. Tomm sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $29.49, for a total transaction of $235,920.00. Following the transaction, the director now owns 13,039 shares of the company’s stock, valued at $384,520.11. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kent A. Kleeberger sold 1,090 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $28.68, for a total value of $31,261.20. Following the transaction, the director now directly owns 15,054 shares in the company, valued at approximately $431,748.72. The disclosure for this sale can be found here. Corporate insiders own 23.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCVL. Vanguard Group Inc. grew its stake in Shoe Carnival by 15.6% in the second quarter. Vanguard Group Inc. now owns 889,584 shares of the company’s stock worth $24,553,000 after purchasing an additional 120,168 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Shoe Carnival by 20.6% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 305,700 shares of the company’s stock worth $8,437,000 after purchasing an additional 52,300 shares in the last quarter. Balyasny Asset Management LLC bought a new position in Shoe Carnival in the second quarter worth approximately $8,155,000. Wells Fargo & Company MN lifted its holdings in Shoe Carnival by 52.9% during the second quarter. Wells Fargo & Company MN now owns 221,453 shares of the company’s stock worth $6,113,000 after buying an additional 76,649 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Shoe Carnival by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 185,925 shares of the company’s stock worth $5,132,000 after buying an additional 1,033 shares during the period. 88.86% of the stock is currently owned by hedge funds and other institutional investors.

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, scarves, and wallets.

Recommended Story: 52-Week High/Low

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.