What is the best trade option for Shoe Carnival Inc. (SCVL) stock?

As of right now, Shoe Carnival Inc. [SCVL] is trading at $25.80, down -2.16%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SCVL shares have gain 6.57% over the last week, with a monthly amount glided 7.50%, and seem to be holding up well over a long-time horizon.

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On 16, November 2022, Shoe Carnival Reports Third Quarter Fiscal 2022 Results. In a post published today on Yahoo Finance, Q3 EPS grows to highest level of year with sequential growth versus Q2 and Q1.

From an analyst’s perspective:

Shoe Carnival Inc. [NASDAQ: SCVL] stock has seen the most recent analyst activity on January 18, 2022, when Seaport Research Partners initiated its Buy rating and assigned the stock a price target of $53. Previously, Monness Crespi & Hardt started tracking the stock with Buy rating on August 19, 2021, and set its price target to $42. On May 20, 2021, Pivotal Research Group reiterated its Buy rating and revised its price target to $81 on the stock. Pivotal Research Group reiterated its Buy rating and increased its price target to $74 on May 17, 2021. Sidoti downgraded its rating to a Neutral but $35 remained the price target by the analyst firm on September 02, 2020. Pivotal Research Group reiterated a Buy rating for this stock on July 01, 2020, and upped its price target to $42. In a note dated May 21, 2020, Pivotal Research Group reiterated an Buy rating on this stock and boosted its target price from $24 to $37.

Through the last year, Shoe Carnival Inc.’s stock price ranged from $19.42 to $44.61. Currently, Wall Street analysts expect the stock to reach $42.00 within the next 12 months. Shoe Carnival Inc. [NASDAQ: SCVL] shares were valued at $25.80 at the most recent close of the market. An investor can expect a potential return of 62.79% based on the average SCVL price forecast.

Analyzing the SCVL fundamentals

For Shoe Carnival Inc., (SCVL), the latest quarter sales were 341.66 billion, which represents an -6.00% decrease. Gross Margin for this corporation currently stands at +39.60% with Operating Margin at +15.85%, Pretax Margin comes in at +15.57%, and Net Margin reading is +11.64%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.28 points at the first support level, and at 24.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.44, and for the 2nd resistance point, it is at 27.08.

Shoe Carnival Inc. [SCVL] reported earnings per share of $1.04 for its fiscal quarter that ended on 7/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.02/share, meaning a difference of $0.02 and a surprise factor of 2.00%. By comparison, the stated earnings for the previous quarter ended on 4/29/2022 were $0.95 per share as compared to estimates of $0.86 per share, a difference of $0.09 representing a surprise of 10.50%.

Ratios To Look Out For

It is important to note that Shoe Carnival Inc. [NASDAQ:SCVL] has a current ratio of 2.50. In addition, the Quick Ratio stands at 1.02 and the Cash Ratio stands at 0.86. Considering the valuation of this stock, the price to sales ratio is 0.71, the price to book ratio is 2.06 and the P/E (TTM) ratio is 6.64.

Transactions by insiders

In the past 3 months, 0 insiders have purchased 0 shares, and 2 have sold 2,544 shares. Recent insider trading involved Guthrie Andrea R., Director, that happened on Aug 30 when 1665.0 shares were sold. Director, Tomm Charles B. completed a deal on Jun 06 to buy 2000.0 shares. Meanwhile, Director Tomm Charles B. bought 4000.0 shares on Jun 01.