Shoe Carnival Gets a Buy Rating from Pivotal Research


In a report released today, Mitch Kummetz from Pivotal Research assigned a Buy rating to Shoe Carnival (NASDAQ: SCVL), with a price target of $30. The company’s shares closed yesterday at $26.04.

Kummetz observed:

“We are modeling the quarter in line with consensus and FY18 at the high end of guidance. We’re bullish on SCVL’s improved access to better athletic product and also see margin opportunity from fewer store closings that currently planned, and, while sandals may have been a little soft in 1Q18, it is still early in the season, and SCVL is well positioned in the strongest sub- segment of the category.”

According to TipRanks.com, Kummetz is a 1-star analyst with an average return of -2.0% and a 53.1% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Genesco Inc, and Boot Barn.

Shoe Carnival has an analyst consensus of Moderate Buy, with a price target consensus of $27.33.

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The company has a one-year high of $28.38 and a one-year low of $15.08. Currently, Shoe Carnival has an average volume of 225.5K.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Shoe Carnival, Inc. operates as a footwear retailer. The company offers dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands. It also provides accessories, such as handbags, sport bags, slippers, cold weather, shoe care items and socks.

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