Shoe Carnival (NASDAQ:SCVL) Downgraded to Sell Rating by StockNews.com

Shoe Carnival (NASDAQ:SCVL) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Separately, Williams Trading lifted their target price on shares of Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th.

Shoe Carnival Trading Up 0.1 %

NASDAQ:SCVL opened at $33.90 on Friday. The company has a current ratio of 3.88, a quick ratio of 0.70 and a debt-to-equity ratio of 0.50. Shoe Carnival has a 12 month low of $22.75 and a 12 month high of $46.92. The company has a market cap of $921.06 million, a PE ratio of 12.46 and a beta of 1.56. The company has a 50 day simple moving average of $38.78 and a two-hundred day simple moving average of $38.66.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, September 5th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The business had revenue of $332.70 million during the quarter, compared to the consensus estimate of $331.45 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s revenue was up 12.9% on a year-over-year basis. Research analysts forecast that Shoe Carnival will post 2.67 earnings per share for the current year.

Institutional Investors Weigh In On Shoe Carnival

A number of hedge funds have recently modified their holdings of SCVL. Innealta Capital LLC bought a new stake in shares of Shoe Carnival during the 2nd quarter valued at $41,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Shoe Carnival during the 3rd quarter valued at $62,000. Quarry LP purchased a new position in shares of Shoe Carnival during the 3rd quarter valued at $66,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Shoe Carnival during the 3rd quarter valued at $76,000. Finally, FMR LLC lifted its stake in shares of Shoe Carnival by 8.7% during the 3rd quarter. FMR LLC now owns 4,266 shares of the company’s stock valued at $187,000 after buying an additional 343 shares in the last quarter. Institutional investors own 66.05% of the company’s stock.

About Shoe Carnival

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.