Shoe Carnival (SCVL) was Reiterated by Sterne Agee CRT to “Buy” while Lowering the Price Target of the company shares to $ 27 from a previous price target of $30 . Sterne Agee CRT advised their investors in a research report released on May 20, 2016.
Many Wall Street Analysts have commented on Shoe Carnival. Shoe Carnival was Downgraded by Standpoint Research to ” Hold” on Mar 30, 2016.
On the company’s financial health, Shoe Carnival reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $0.57. The company had revenue of $260.47 million for the quarter, compared to analysts expectations of $263.46 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Shoe Carnival closed down -0.38 points or -1.60% at $23.39 with 2,62,929 shares getting traded on Thursday. Post opening the session at $23.65, the shares hit an intraday low of $23 and an intraday high of $24.11 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Mar 21, 2016, Kent A Kleeberger (director) sold 1,500 shares at $27.07 per share price. According to the SEC, on Jan 28, 2016, Timothy T Baker (EXEC. VP – STORE OPERATIONS) sold 22,000 shares at $28.16 per share price. On Dec 16, 2015, Carl N. Scibetta (EVP – GENERAL MERCHANDISE MGR) sold 2,865 shares at $23.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company also offers online shopping on its e-commerce site at www.shoecarnival.com. The Company’s product assortment includes dress and casual shoes sandals boots and an assortment of athletic shoes for the entire family. The Company operated approximately 400 stores in 33 states and Puerto Rico. The Company’s stores carry an average of approximately 28200 pairs of shoes featuring an assortment of current-season name brand footwear supplemented with private label merchandise. The Company’s stores also carry complementary accessories such as handbags shoe care items and socks. Its women’s men’s and children’s non-athletic footwear categories are further divided into dress casual sport sandals and boots. The Company’s wholly owned subsidiaries are SCHC Inc. and Shoe Carnival Ventures LLC.