Shoe Carnival (NASDAQ:SCVL) posted its quarterly earnings data on Wednesday. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.06), Briefing.com reports. The firm had revenue of $253.80 million for the quarter, compared to the consensus estimate of $259.24 million. Shoe Carnival had a return on equity of 12.42% and a net margin of 3.70%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 EPS. Shoe Carnival updated its FY 2019 guidance to $2.73-2.83 EPS and its FY20 guidance to $2.73-2.83 EPS.
NASDAQ SCVL opened at $27.16 on Friday. The company has a market cap of $447.93 million, a P/E ratio of 11.09 and a beta of 0.76. Shoe Carnival has a 52 week low of $25.50 and a 52 week high of $45.00.
In related news, Director Jeffrey C. Gerstel sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $36.50, for a total transaction of $43,800.00. Following the completion of the transaction, the director now owns 5,526 shares in the company, valued at approximately $201,699. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.60% of the company’s stock.
Several research analysts recently commented on SCVL shares. BidaskClub lowered shares of Shoe Carnival from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. ValuEngine lowered shares of Shoe Carnival from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Wedbush reiterated an “outperform” rating and set a $47.00 price objective on shares of Shoe Carnival in a research note on Monday, March 18th. Pivotal Research reiterated a “buy” rating and set a $45.00 price objective on shares of Shoe Carnival in a research note on Wednesday, March 20th. Finally, Zacks Investment Research lowered shares of Shoe Carnival from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Shoe Carnival has a consensus rating of “Hold” and a consensus target price of $40.80.
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About Shoe Carnival
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, scarves, and wallets.
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