Shoe Carnival Gets a Buy Rating from Susquehanna

Susquehanna analyst Sam Poser assigned a Buy rating to Shoe Carnival (NASDAQ: SCVL) today. The company’s shares closed yesterday at $26.04.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 8.1% and a 56.9% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

Currently, the analyst consensus on Shoe Carnival is Moderate Buy and the average price target is $27, representing a 3.7% upside.

In a report released today, Pivotal Research also assigned a Buy rating to the stock with a $30 price target.

See today’s analyst top recommended stocks >>

Based on Shoe Carnival’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $3.81 million. In comparison, last year the company had a net profit of $8.12 million.

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.