Shoe Carnival (NASDAQ:SCVL) Share Price Crosses Above Two Hundred Day Moving Average of $31.82

Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.82 and traded as high as $37.52. Shoe Carnival shares last traded at $37.42, with a volume of 288,003 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Monness Crespi & Hardt downgraded Shoe Carnival from a “buy” rating to a “neutral” rating in a report on Tuesday, March 19th. Williams Trading upgraded Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, March 22nd.

Shoe Carnival Stock Up 1.3 %

The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 13.81 and a beta of 1.49. The business has a 50-day moving average of $35.40 and a 200-day moving average of $31.82.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The firm had revenue of $300.37 million during the quarter, compared to analysts’ expectations of $292.38 million. Shoe Carnival had a return on equity of 13.02% and a net margin of 6.20%. Equities analysts anticipate that Shoe Carnival, Inc. will post 2.65 earnings per share for the current year.

Insiders Place Their Bets

In other Shoe Carnival news, Director Andrea R. Guthrie sold 2,467 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $32.46, for a total value of $80,078.82. Following the completion of the sale, the director now owns 20,106 shares of the company’s stock, valued at $652,640.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Shoe Carnival news, EVP Carl N. Scibetta sold 5,415 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $35.45, for a total value of $191,961.75. Following the completion of the sale, the executive vice president now owns 118,077 shares of the company’s stock, valued at $4,185,829.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea R. Guthrie sold 2,467 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total value of $80,078.82. Following the sale, the director now owns 20,106 shares of the company’s stock, valued at approximately $652,640.76. The disclosure for this sale can be found here. Insiders own 34.70% of the company’s stock.

Institutional Trading of Shoe Carnival

Several hedge funds have recently added to or reduced their stakes in the business. EMC Capital Management boosted its stake in Shoe Carnival by 11.9% during the 1st quarter. EMC Capital Management now owns 7,468 shares of the company’s stock valued at $274,000 after purchasing an additional 793 shares during the period. Janus Henderson Group PLC boosted its stake in Shoe Carnival by 103.4% during the 1st quarter. Janus Henderson Group PLC now owns 16,611 shares of the company’s stock valued at $608,000 after purchasing an additional 8,445 shares during the period. BOKF NA bought a new stake in Shoe Carnival during the 1st quarter valued at approximately $308,000. CANADA LIFE ASSURANCE Co boosted its stake in Shoe Carnival by 11.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,369 shares of the company’s stock valued at $562,000 after purchasing an additional 1,562 shares during the period. Finally, Foundry Partners LLC boosted its stake in Shoe Carnival by 4.2% during the 1st quarter. Foundry Partners LLC now owns 150,695 shares of the company’s stock valued at $5,521,000 after purchasing an additional 6,110 shares during the period. 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.