Shoe Carnival (SCVL) Receives a Buy from Pivotal Research


Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Shoe Carnival (SCVL) today and set a price target of $45. The company’s shares closed yesterday at $38.16.

According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 5.1% and a 60.9% 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 Strong Buy analyst consensus rating for Shoe Carnival with a $45.67 average price target, which is a 19.7% upside from current levels. In a report issued on January 2, Susquehanna also upgraded the stock to Buy with a $42 price target.

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Shoe Carnival’s market cap is currently $594.2M and has a P/E ratio of 18.09. The company has a Price to Book ratio of 1.92.

Based on the recent corporate insider activity of 29 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. 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.

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