News coverage about Shoe Carnival (NASDAQ:SCVL) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shoe Carnival earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.1347235073822 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Investors Purchase Large Volume of Shoe Carnival Call Options (SCVL) (americanbankingnews.com)
- Shoe Carnival Target of Unusually Large Options Trading (SCVL) (americanbankingnews.com)
- Shoe Carnival, Inc. (SCVL) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Shoe Carnival, Inc. (SCVL) Expected to Announce Earnings of $0.06 Per Share (americanbankingnews.com)
Several research analysts have recently issued reports on SCVL shares. TheStreet raised Shoe Carnival from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Susquehanna Bancshares reaffirmed a “buy” rating and set a $28.00 price target on shares of Shoe Carnival in a research note on Friday, November 17th. Zacks Investment Research raised Shoe Carnival from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, September 20th. Wedbush reaffirmed a “buy” rating and set a $33.00 price target (up previously from $27.00) on shares of Shoe Carnival in a research note on Tuesday, December 19th. Finally, Pivotal Research started coverage on Shoe Carnival in a research note on Tuesday, November 21st. They set a “hold” rating and a $28.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $25.86.
Shares of Shoe Carnival (SCVL) traded up $0.55 during mid-day trading on Friday, reaching $26.41. 178,700 shares of the company traded hands, compared to its average volume of 264,775. Shoe Carnival has a 12-month low of $15.07 and a 12-month high of $28.38. The firm has a market cap of $435.58, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.06.
Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Thursday, November 16th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.08. Shoe Carnival had a net margin of 2.17% and a return on equity of 7.81%. The firm had revenue of $287.47 million during the quarter, compared to the consensus estimate of $286.90 million. equities analysts expect that Shoe Carnival will post 1.48 EPS for the current fiscal year.
Shoe Carnival declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 19th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Monday, January 8th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, January 5th. Shoe Carnival’s payout ratio is 21.90%.
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About Shoe Carnival
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 in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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