Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Shoe Carnival (SCVL) today and set a price target of $38. The company’s shares closed on Friday at $32.31.
Kummetz commented:
“Weather improved dramatically from the first five weeks of 1Q to the last eight weeks of the quarter.”
According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 4.6% and a 60.0% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Genesco Inc, and Tilly’s Inc.
Currently, the analyst consensus on Shoe Carnival is a Strong Buy with an average price target of $41.67, a 29.0% upside from current levels. In a report issued on May 14, Susquehanna also maintained a Buy rating on the stock with a $45 price target.
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The company has a one-year high of $45 and a one-year low of $25.44. Currently, Shoe Carnival has an average volume of 488.4K.
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. engages in the retail of 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 brands.
