In a report released today, Sam Poser from Susquehanna downgraded Shoe Carnival (NASDAQ: SCVL) to Hold, with a price target of $32. The company’s shares closed yesterday at $34.57, close to its 52-week high of $36.24.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.4% and a 59.2% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shoe Carnival with a $29.33 average price target.
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Based on Shoe Carnival’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $12.89 million. In comparison, last year the company had a net profit of $8.12 million.
Based on the recent corporate insider activity of 30 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.
