Seaport Global analyst Mitch Kummetz maintained a Buy rating on Shoe Carnival (SCVL – Research Report) today and set a price target of $42.00. The company’s shares closed yesterday at $33.65.
Kummetz covers the Consumer Cyclical sector, focusing on stocks such as Genesco, Hibbett Sports, and Tilly’s. According to TipRanks, Kummetz has an average return of 21.0% and a 57.35% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shoe Carnival with a $41.00 average price target.
SCVL market cap is currently $913M and has a P/E ratio of 12.57.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SCVL in relation to earlier this year.
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Shoe Carnival (SCVL) Company Description:
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.
Read More on SCVL:
- Seaport Research footwear/apparel analyst holds analyst/industry conference call
- Shoe Carnival management to meet virtually with Seaport Research
- Merger Hurdles Ahead: Shoe Carnival Faces Integration Risks with Rogan’s Acquisition
- Williams upgrades Shoe Carnival, says positioned to take market share
- Shoe Carnival upgraded to Buy from Hold at Williams Trading
