Pivotal Research Reaffirms Their Buy Rating on Shoe Carnival (SCVL)

In a report released today, Mitch Kummetz from Pivotal Research reiterated a Buy rating on Shoe Carnival (SCVL), with a price target of $37.00. The company’s shares closed last Wednesday at $24.34.

According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 1.6% and a 56.0% success rate. Kummetz covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Deckers Outdoor.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shoe Carnival with a $27.75 average price target, a 14.7% upside from current levels. In a report released today, Susquehanna also reiterated a Buy rating on the stock with a $31.00 price target.

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Shoe Carnival’s market cap is currently $342.9M and has a P/E ratio of 8.20. The company has a Price to Book ratio of 1.13.

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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. The company was founded in 1978 and is headquartered in Evansville, IN.

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