Shoe Carnival (NASDAQ: SCVL) received a Hold rating and a $45 price target from Pivotal Research analyst Mitch Kummetz today. The company’s shares closed on Friday at $44.46, close to its 52-week high of $45.
Kummetz observed:
“We adjusted our numbers accordingly, raising our comp forecast from +1.0% to +3.5%.”
According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 3.2% and a 58.3% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Genesco Inc, and Tilly’s Inc.
Shoe Carnival has an analyst consensus of Moderate Buy, with a price target consensus of $42.33, a -4.8% downside from current levels. In a report issued on August 28, Susquehanna also maintained a Hold rating on the stock with a $38 price target.
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The company has a one-year high of $45 and a one-year low of $17.94. Currently, Shoe Carnival has an average volume of 272.4K.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.
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Shoe Carnival, Inc. retails footwear products. It offers casual and athletic footwear for men, women, and children under the Skechers, Clarks, Adidas, Crocs, New Balance, Converse, Roxy, Nike, Vans, Madden Girl, Sperry, Rampage, Keds, PUMA, Timberland, Koolaburra, Jellypop, and ASICS. The company was founded in 1978 and is headquartered in Evansville, IN.
