In a report released today, Mitch Kummetz from Pivotal Research reiterated a Buy rating on Shoe Carnival (SCVL), with a price target of $47. The company’s shares closed yesterday at $37.09.
Kummetz noted:
“We are reiterating our SSS forecast of 3.5% and raising our EPS estimate from $2.18 to $2.38; consensus was 3.6%/$2.16.”
According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 3.3% and a 55.1% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Genesco Inc, and Tilly’s Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shoe Carnival with a $43 average price target.
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The company has a one-year high of $45 and a one-year low of $21.01. Currently, Shoe Carnival has an average volume of 394.1K.
Based on the recent corporate insider activity of 27 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.
