Weiss Ratings Reiterates Hold (C) Rating for Shoe Carnival (NASDAQ:SCVL)

Shoe Carnival (NASDAQ:SCVL)‘s stock had its “hold (c)” rating reaffirmed by stock analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Several other brokerages have also issued reports on SCVL. Seaport Res Ptn lowered shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Zacks Research lowered shares of Shoe Carnival from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Shoe Carnival currently has a consensus rating of “Reduce”.

Shoe Carnival Trading Down 1.1%

Shares of SCVL stock opened at $19.28 on Friday. Shoe Carnival has a 1 year low of $16.14 and a 1 year high of $39.29. The firm’s fifty day simple moving average is $21.53 and its 200 day simple moving average is $20.30. The firm has a market capitalization of $527.69 million, a P/E ratio of 8.49 and a beta of 1.37.

Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Thursday, September 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The business had revenue of $306.39 million for the quarter, compared to analyst estimates of $318.31 million. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Shoe Carnival’s revenue was down 7.9% compared to the same quarter last year. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. Equities research analysts anticipate that Shoe Carnival will post 2.6 EPS for the current fiscal year.

Insider Buying and Selling at Shoe Carnival

In other news, Director Andrea R. Guthrie sold 2,477 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $20.20, for a total value of $50,035.40. Following the sale, the director owned 24,405 shares of the company’s stock, valued at approximately $492,981. This represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 35.50% of the company’s stock.

Institutional Investors Weigh In On Shoe Carnival

Several large investors have recently made changes to their positions in SCVL. GAMMA Investing LLC grew its holdings in shares of Shoe Carnival by 404.0% in the 1st quarter. GAMMA Investing LLC now owns 2,510 shares of the company’s stock worth $55,000 after purchasing an additional 2,012 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Shoe Carnival by 20.5% in the 1st quarter. Bessemer Group Inc. now owns 12,325 shares of the company’s stock worth $271,000 after purchasing an additional 2,098 shares during the last quarter. Copeland Capital Management LLC grew its holdings in shares of Shoe Carnival by 16.2% in the 1st quarter. Copeland Capital Management LLC now owns 1,399,330 shares of the company’s stock worth $30,771,000 after purchasing an additional 194,887 shares during the last quarter. New South Capital Management Inc. grew its holdings in shares of Shoe Carnival by 189.9% in the 1st quarter. New South Capital Management Inc. now owns 699,824 shares of the company’s stock worth $15,389,000 after purchasing an additional 458,412 shares during the last quarter. Finally, Sebold Capital Management Inc. grew its holdings in shares of Shoe Carnival by 11.2% in the 1st quarter. Sebold Capital Management Inc. now owns 21,576 shares of the company’s stock worth $474,000 after purchasing an additional 2,172 shares during the last quarter. Institutional investors own 66.05% of the company’s stock.

Shoe Carnival Company Profile

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.