Shoe Carnival Inc Institutional Investor Sentiment Up in Q4 2017

May 22, 2018 - By Darrin Black

Shoe Carnival, Inc. (NASDAQ:SCVL) Logo

Sentiment for Shoe Carnival Inc (NASDAQ:SCVL)

Shoe Carnival Inc (NASDAQ:SCVL) institutional sentiment increased to 1.38 in 2017 Q4. Its up 0.06, from 1.32 in 2017Q3. The ratio improved, as 72 funds opened new or increased positions, while 52 sold and reduced their equity positions in Shoe Carnival Inc. The funds in our partner’s database now possess: 12.75 million shares, up from 10.82 million shares in 2017Q3. Also, the number of funds holding Shoe Carnival Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 13 Reduced: 39 Increased: 32 New Position: 40.

Shoe Carnival, Inc., together with its subsidiaries, operates as family footwear retailer in the United States. The company has market cap of $418.69 million. It provides various dress, casual, and athletic footwear products for men, women, and children, as well as accessories, including socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets. It has a 22.64 P/E ratio. As of March 23, 2017, the firm operated 411 stores in 35 states and Puerto Rico.

The stock decreased 0.19% or $0.05 during the last trading session, reaching $26.04. About 83,883 shares traded. Shoe Carnival, Inc. (NASDAQ:SCVL) has risen 5.07% since May 22, 2017 and is uptrending. It has underperformed by 6.48% the S&P500.

Analysts await Shoe Carnival, Inc. (NASDAQ:SCVL) to report earnings on May, 24 after the close. They expect $0.75 EPS, up 56.25 % or $0.27 from last year’s $0.48 per share. SCVL’s profit will be $12.06M for 8.68 P/E if the $0.75 EPS becomes a reality. After $0.11 actual EPS reported by Shoe Carnival, Inc. for the previous quarter, Wall Street now forecasts 581.82 % EPS growth.

Lucus Advisors Llc holds 0.48% of its portfolio in Shoe Carnival, Inc. for 12,350 shares. Monarch Partners Asset Management Llc owns 131,400 shares or 0.33% of their US portfolio. Moreover, Alpha Windward Llc has 0.3% invested in the company for 18,840 shares. The Ontario – Canada-based Hillsdale Investment Management Inc. has invested 0.26% in the stock. Foundry Partners Llc, a Minnesota-based fund reported 175,475 shares.

Since January 1, 0001, it had 0 insider purchases, and 3 selling transactions for $302,781 activity.

Shoe Carnival, Inc. (NASDAQ:SCVL) Ratings Coverage

Ratings analysis reveals 75% of Shoe Carnival’s analysts are positive. Out of 4 Wall Street analysts rating Shoe Carnival, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $2400 while the high is $33.0. The stock’s average target of $28.75 is 10.41% above today’s ($26.04) share price. SCVL was included in 6 notes of analysts from December 19, 2017. The stock of Shoe Carnival, Inc. (NASDAQ:SCVL) earned “Hold” rating by Jefferies on Wednesday, March 28. On Wednesday, March 28 the stock rating was maintained by Pivotal Research with “Buy”. The stock has “Buy” rating by Susquehanna on Wednesday, March 28. As per Tuesday, December 19, the company rating was maintained by Wedbush. The firm has “Buy” rating by Susquehanna given on Tuesday, January 23. Pivotal Research upgraded Shoe Carnival, Inc. (NASDAQ:SCVL) on Friday, March 16 to “Buy” rating.

More news for Shoe Carnival, Inc. (NASDAQ:SCVL) were recently published by: Businesswire.com, which released: “Shoe Carnival to Report First Quarter 2018 Financial Results on May 24, 2018” on May 10, 2018. Nasdaq.com‘s article titled: “Investor Expectations to Drive Momentum within Government Properties Income Trust, International Seaways, SELECT …” and published on May 18, 2018 is yet another important article.

Shoe Carnival, Inc. (NASDAQ:SCVL) Institutional Positions Chart

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