Shoe Carnival (NASDAQ:SCVL) Stock Rating Lowered by Zacks Research

Shoe Carnival (NASDAQ:SCVL) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Separately, Seaport Res Ptn lowered Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Shoe Carnival Price Performance

NASDAQ:SCVL opened at $21.99 on Tuesday. Shoe Carnival has a fifty-two week low of $16.14 and a fifty-two week high of $46.92. The stock has a market capitalization of $601.21 million, a PE ratio of 9.20 and a beta of 1.46. The business’s 50-day simple moving average is $20.76 and its 200-day simple moving average is $20.52.

Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Friday, May 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%.The business had revenue of $277.72 million for the quarter, compared to analyst estimates of $285.16 million. During the same quarter last year, the firm earned $0.64 EPS. Shoe Carnival’s revenue for the quarter was down 7.6% compared to the same quarter last year. Shoe Carnival has set its FY 2025 guidance at 1.600-2.10 EPS. On average, research analysts expect that Shoe Carnival will post 2.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SCVL. GAMMA Investing LLC increased its holdings in shares of Shoe Carnival by 404.0% during the 1st quarter. GAMMA Investing LLC now owns 2,510 shares of the company’s stock worth $55,000 after acquiring an additional 2,012 shares during the last quarter. Barclays PLC boosted its stake in Shoe Carnival by 13.8% in the 4th quarter. Barclays PLC now owns 34,533 shares of the company’s stock valued at $1,143,000 after purchasing an additional 4,191 shares during the period. SG Americas Securities LLC lifted its position in shares of Shoe Carnival by 309.3% during the 1st quarter. SG Americas Securities LLC now owns 22,026 shares of the company’s stock valued at $484,000 after acquiring an additional 16,645 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Shoe Carnival during the 4th quarter valued at $1,075,000. Finally, Northern Trust Corp lifted its position in shares of Shoe Carnival by 4.7% during the 4th quarter. Northern Trust Corp now owns 507,661 shares of the company’s stock valued at $16,793,000 after acquiring an additional 22,859 shares during the period. Institutional investors and hedge funds 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.