Sterne Agee Assigns Buy On Shoe Carnival’s Shares, $23 PT
In a research report issued today, Sterne Agee analyst Sam Poser assigned a Buy rating on Shoe Carnival (NASDAQ:SCVL) with a price target of $23.00.
Poser noted, “SCVL management is making the right moves to navigate through a choppy midtier customer environment. SCVL is positioned well for 2H14. Boot sales, with their high ASPs should offset on going weakness in boat shoes. Guidance appears reasonable, as it assumes a deceleration for the balance of the quarter. Through an improved mix (women’s fashion), increased efficiencies, and a broader footprint, SCVL will meet or exceed expectations over time.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 20.8% and a 76.7% success rate. Poser has a 9.5% average return when recommending SCVL, and is ranked #29 out of 3255 analysts.