The stock of Shoe Carnival, Inc. (NASDAQ:SCVL) is a huge mover today! The stock increased 5.00% or $1.46 on November 22, hitting $30.65. About 104,091 shares traded hands or 31.46% up from the average. Shoe Carnival, Inc. (NASDAQ:SCVL) has risen 9.78% since April 20, 2016 and is uptrending. It has outperformed by 5.22% the S&P500.
The move comes after 9 months positive chart setup for the $569.10 million company. It was reported on Nov, 22 by Barchart.com. We have $31.57 PT which if reached, will make NASDAQ:SCVL worth $17.07 million more.
Shoe Carnival, Inc. (NASDAQ:SCVL) Ratings Coverage
Out of 6 analysts covering Shoe Carnival (NASDAQ:SCVL), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Shoe Carnival has been the topic of 9 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock of Shoe Carnival, Inc. (NASDAQ:SCVL) earned “Neutral” rating by Sidoti on Tuesday, June 7. The company was downgraded on Tuesday, August 18 by Zacks. Standpoint Research downgraded the stock to “Hold” rating in Wednesday, March 30 report. The firm has “Buy” rating given on Friday, May 20 by Sterne Agee CRT. The company was upgraded on Friday, September 4 by Zacks. The firm has “Neutral” rating given on Thursday, November 12 by Susquehanna. On Thursday, September 1 the stock rating was maintained by Jefferies with “Hold”. The firm has “Buy” rating given on Friday, December 11 by Standpoint Research.
According to Zacks Investment Research, “Shoe Carnival, Inc. is a high volume, value-oriented retailer of family footwear. They adhere to a highly promotional marketing concept that enables them to be competitive in the retail markets they enter. They provide a selection and variety of footwear normally associated with a category killer superstore in an exciting retail environment.”
Insitutional Activity: The institutional sentiment increased to 1.49 in Q2 2016. Its up 0.83, from 0.66 in 2016Q1. The ratio improved, as 13 funds sold all Shoe Carnival, Inc. shares owned while 40 reduced positions. 7 funds bought stakes while 28 increased positions. They now own 12.06 million shares or 3.95% less from 12.55 million shares in 2016Q1.
Teachers Advsrs, a New York-based fund reported 37,178 shares. Allianz Asset Management Ag holds 194,681 shares or 0% of its portfolio. Rhumbline Advisers has 0% invested in the company for 19,274 shares. The Texas-based Teacher Retirement Systems Of Texas has invested 0% in Shoe Carnival, Inc. (NASDAQ:SCVL). Tower Limited Liability (Trc) has 1,036 shares for 0% of their US portfolio. Cornercap Counsel Incorporated, a Georgia-based fund reported 24,100 shares. Lsv Asset Mgmt owns 229,298 shares or 0.01% of their US portfolio. Pnc Financial Ser last reported 0% of its portfolio in the stock. Morgan Stanley accumulated 23,851 shares or 0% of the stock. Schwab Charles Invest Mngmt Inc last reported 61,331 shares in the company. Picton Mahoney Asset last reported 3,400 shares in the company. Franklin Res accumulated 0% or 223,000 shares. Manufacturers Life Ins The, a Ontario – Canada-based fund reported 10,119 shares. Ladenburg Thalmann Financial holds 0% or 2 shares in its portfolio. Metropolitan Life Insurance Com New York has 11,362 shares for 0% of their US portfolio.
More news for Shoe Carnival, Inc. (NASDAQ:SCVL) were recently published by: Footwearnews.com, which released: “Shoe Carnival Misses Q1 Forecasts, Maintains Outlook” on May 19, 2016. Benzinga.com‘s article titled: “Shoe Carnival’s Valuation Keeps Jefferies Sidelined” and published on September 01, 2016 is yet another important article.
SCVL Company Profile
Shoe Carnival, Inc., incorporated on April 3, 1996, 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. The Company’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic footwear for men, women and children. The Company’s stores also carry accessories, such as socks, belts, shoe care items, handbags, jewelry, scarves and wallets. It classifies athletic shoes by functionality, such as running, basketball or fitness shoes. The Company’s average store carries approximately 27,100 pairs of shoes in over four general categories: women’s, men’s, children’s and athletics.
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